Question

Identify the macroeconomic variables thag have been impacted by the current events and how are they...

Identify the macroeconomic variables thag have been impacted by the current events and how are they bwing affected?

Homework Answers

Answer #1

Macroeconomics variables

1- national income and GDP

2- unemployment

3- economic growth

4- inflation

5- international trade

6- balance of payment

7- Monetry discal policy

8- stock market

9- interest rate

10- exchange rate

11- business cycle

Currently these factors are GDP is declining and other growth is declining due to covid situation. Now foreign trade is limited and less than pre covid time so trade is also adversely affected.

Inflation is rising and value of money is declining

Value of commodities are rising, unemployment is mounting due to covid situation.

Most of the variables are adversely affected in the current situation.

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