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The Subject of Macroeconomics - Assignment Example

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The author states that the subject of Macroeconomics is very broad that even its definition varies from source to source. Economics deals with the allocation of limited resources. Macroeconomics is the branch of economics that deals with the national or regional economy as a whole.   …
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The Subject of Macroeconomics
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Download file to see previous pages The good thing about children is that it's easier for them to burn what they eat. Meaning, we can afford to feed them with greasy and sugary fast food and yet with proper play and exercise they will be able to burn them. And though schools remove facilities for physical activities, I don't think this should prevent children from exercising. They could run around the block and it would not cost a thing.
Also, you can give the children chores requiring physical activity. This may even address the increasing demand for work time. With the children doing chores, they get exercise and adults have more time to work. It's a win-win situation.
My point is, even though economic indicators tend to favor the occurrence of obesity, non-economic factors can easily counter it. With the right mindset, we can go above these economic indicators and prevent obesity.
On the contrary, Microeconomics deals with the behavior of individuals and how they decide to allocate their limited resources.
In the study of Macroeconomics, we deal with certain indicators and factors. These are the unemployment rates, price indices, national income, among other things. It is with the relationship of these factors that determines how the economy functions.
National income is the estimate of the value of goods and services produced in an economy, for example, the US economy. There are many ways to measure national income. It may either be measured as Gross Domestic Product (GDP), Gross National Product (GNP) among other things.   ...Download file to see next pagesRead More
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