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1. Define Macroeconomics and shortly explain main issues ofMacroeconomics? 2. Differentiate between the following: a)Stock and Flow b)Economic growth and economic development c)Classical Vs Keynsian

1. Define Macroeconomics and shortly explain main issues ofMacroeconomics?

2. Differentiate between the following:

a)Stock and Flow

b)Economic growth and economic development

c)Classical Vs Keynsian school of thoughts

d)GDP and GNPe) GDP at factor price and market value

f)Government Saving and Private Saving

Explain in the details.

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