1. What
is the difference between stock & flow ?
Ans : The
economic aggregates used in macroeconomics are called macroeconomics variables.
a. Stock
variables : The macroeconomic variables which are measured at a point of
time are called stock variables. Stock of a capital in a country, the number of
employed persons, money supply, total saving etc. are measured at point of
time.
b. Flow
variables : The macroeconomic variables which are measurable only in
terms of specific period of time is called flow variables. National income,
total consumption, total saving, total investment, total import, total export
are examples of flow variables.
2. What are
the uses of macroeconomics ?
Ans : Following are the uses of macroeconomics :
a. Helpful to
understand the working of the economy.
b. Helpful in
formulating economic policy
c. Helpful in
international comparisons
d. Evaluate
the performance of the economy.
3. Macro
economics is the study of aggregates. Give reasons.
Ans: Because it focus on the overall economy rather than individual.
This is because it aims to understand and analyze the behavior and performance
of an entire economy as a whole. such as GDP, inflation rate, and national
income.
4. Point out
the scope of macroeconomics.
Ans: followings are the scopes of macroeconomics :
a. Theory of
national income.
b. Theory of
employment
c. Theory of
money
d. Theory of
economics growth
5. Define
macro dynamics.
Ans: macro dynamics refers to the overall behavior and interplay of aggregate economic, political, social and environmental factors that influence the functioning and development of entire system.
Solution of BBS Second year
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