Wants to The following are some basic concepts in macroeconomics: . National Income National income is the sum of all income generate by individuals, companies and governments in a country during a certain period. This includes salaries, business profits, and tax revenues. . Production and Economic Growth Production or economic output measures the goods and services produce in the economy. Economic growth refers to positive changes in production over time. GDP ( Gross Domestic Product ) is one of the main measures of economic growth.
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Inflation Inflation is a general increase in the prices of goods and services in the economy. A moderate level of inflation is usually considere healthy, while inflation that is too high or too low can be problematic. . Unemployment The unemployment rate reflects Turkey Phone Number List the percentage of people who are looking for work but cannot find it. Unemployment can be a serious social and economic problem. . Monetary Policy Monetary policy is an effort made by the central bank to control the money supply, interest rates, and creit in the economy.
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This can affect inflation, economic growth and financial stability. . Fiscal Policy Fiscal policy is government policy relate to public spending, taxes and government Turkey Whatsapp Number debt. This basic concept can be use to influence the level of aggregate demand and economic growth. . International Trade International trade involves the export and import of goods and services between countries. This can affect a country’s trade balance and economic growth.
