Intro to Macroeconomics - Aggregation

4 important questions on Intro to Macroeconomics - Aggregation

What does aggregation help economists to see?

It provides a bird's-eye view of the overall economy’s performance.

What does aggregation measure regarding a country's production?

It measures how much a country produces, commonly known as GDP.

What does aggregation indicate about a country's trade?

It shows whether a country imports more than it exports.
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What can aggregation tell us about people's finances?

It indicates how much people are earning and spending.

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