MACROECONOMIC CONCEPT MAP_Group #2 by [AP-STUDENT] Rhey Anne Dy https://padlet.com/aprheyannedy/xf6ub1fdn99sraqc en-us 2021-01-06 05:54:01 UTC 2021-01-06 07:52:33 UTC hello@padlet.com SCOPE OF MACROECONOMICS aprheyannedy https://padlet.com/aprheyannedy/xf6ub1fdn99sraqc/wish/1058380015 In Macroeconomics, it focuses on and studies the following:
- Gross Domestic Product (GDP); total value of all final goods and services produced within a country over a given period.
- Employment rate; comprises of two parts:
a. Unemployment; percentage of non-working people.
b. Employment; percentage of working people.
- Inflation; the rate at which prices are rising.
...and a few more.

]]> 2021-01-06 06:02:27 UTC https://padlet.com/aprheyannedy/xf6ub1fdn99sraqc/wish/1058380015 WHAT IS MACROECONOMICS? apjoeannelizabethravelo https://padlet.com/aprheyannedy/xf6ub1fdn99sraqc/wish/1058381247 - focuses on the economy as a whole.
- focuses on aggregate expenditure and consumption of a nation or region.
- studies the amount saved and spent by all households.
- Measures the productiveness of a country's labor force.
- How  the actions of a government and central bank stimulate the economy]]> 2021-01-06 06:03:09 UTC https://padlet.com/aprheyannedy/xf6ub1fdn99sraqc/wish/1058381247 Circular-flow Diagram apchelseasophiauga https://padlet.com/aprheyannedy/xf6ub1fdn99sraqc/wish/1058491242 2021-01-06 07:07:52 UTC https://padlet.com/aprheyannedy/xf6ub1fdn99sraqc/wish/1058491242 MACROECONOMICS VS. MICROECONOMICS apchelseasophiauga https://padlet.com/aprheyannedy/xf6ub1fdn99sraqc/wish/1058532450 - Microeconomic simply focuses on the decisions, spending, and performance of individuals or single businesses (people,  companies, industries, etc.)
- As for macroeconomics, it focuses on the economy as a whole. That is to say, it gathers individual economic data, and analyzes the decisions made by the country and government, as well as other economic concepts.]]> 2021-01-06 07:29:01 UTC https://padlet.com/aprheyannedy/xf6ub1fdn99sraqc/wish/1058532450 LIMITATIONS OF ECONOMICS apchelseasophiauga https://padlet.com/aprheyannedy/xf6ub1fdn99sraqc/wish/1058569894 - Lacks certain real-world details like  taxation, regulation, and transaction costs.
- Functions on aggregate values. But the interpretation of individual activities may not be the same compared to the whole conclusion.
- Macroeconomics see the economy as a whole. Individual figures may not be seen as useful.]]> 2021-01-06 07:48:00 UTC https://padlet.com/aprheyannedy/xf6ub1fdn99sraqc/wish/1058569894