Answer to Question #93497 in Macroeconomics for sinethemba

Question

Identify and define the macroeconomic variables that can be used to measure whether
the strategy was successful or not.

Answer 1

Macroeconomic variables determine the state of the economic system.

An important feature of macroeconomic variables is that they are divided into two groups: flow indicators and stock indicators.

The indicators of flows include: aggregate supply, gross domestic product (GDP), consumption, investment, deficit (surplus) of the state budget, the unemployment rate, exports, imports, etc., since they are all calculated every year, i.e. per year.

Stock indicators include national wealth, personal wealth, capital stock, the number of unemployed, productive capacity, public debt, etc.