What is macroeconomics and how does this field differ from microeconomics? What is GDP? Discuss the differences between real and nominal GDP. Does GDP accurately reflect the nation’s welfare? Why or why not? Fully explain your answer.
Response : What is macroeconomics and how does this field differ from microeconomics? Macroeconomics is defined in the same family as a part of economics, but is more generated to the factors of scales dealing with behaviors, performance structures, and productivity all of our countries in all nations.