Question
Economics is a social science that is concerned with deciding how to distribute the available factors of production in order to generate the goods and
Economics is a social science that is concerned with deciding how to distribute the available factors of production in order to generate the goods and services that society continually requires. The two major difficulties it faces are: how to distribute the factors of production optimally under conditions of scarcity and how to meet economic needs that exceed the productive capacity of society. Economic science is subdivided into microeconomics and macroeconomics.
When we look for a simple definition of macroeconomics, we usually find a consensus that defines it as the aggregate sum of everything we produce and consume collectively; and, indeed, macroeconomics is about this aggregate behavior of society.
Based on the above, examine the following expression and analyze it in your participation in the forum
Macroeconomics analyzes a country's growth in production, employment, and income in relation to the pace of society's aggregate spending and how it is affected by the particular problems of each year.
In your analysis for your main contribution, you should
A. Present a broader definition of macroeconomics and its relation to the level of production, unemployment and inflation of a country.
B. Integrate in your paper what we understand by main economic indicators, coincident economic indicators and lagging economic indicators, and their relation to the expression presented.
C. In your explanation of the relationship of the above-mentioned indicators with the macroeconomy, present examples, such as the impact of a pandemic or an atmospheric phenomenon on a country's economy.
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