Question

Post a discussion response to the following
Macroeconomics is a branch of the economics field

that studies how the aggregate economy behaves (ivestopedia.com). This is a bit different from what we learnt in microeconomics which deals with individual or organizations behavior towards the economy. Macroeconomics is concerned primarily with the forecasting of national income, through the analysis of major economic factors that show predictable patterns and trends, and of their influence on one another (business directory.com).

In my opinion, this being an election year there is a lot of tension within the country as we are about to experience a chance which is inevitable. With this in mind the indicators that came to my mind with the candidates differing in the state of the economy, are employment indicator and gross domestic product.

Employment Indicator: Overall, employment shows the state of a country’s economy. With the increase or decrease in employment opportunity we would be able to see the inflation of the economy. With investors and company’s being skeptical on who is going to run the country and how, I think we are more likely to see no significant change. This is due to the fact that most investors and companies will more than likely wait till the new candidate settles in and implement their changes before making any significant decision or project for their company.

Gross domestic product (gdp): Is the overall goods and services that a country can produce in a given period mostly in a year. Traders are watching the market trends and listening to the different policies the candidates are putting forth that would benefit the economy.

I chose this indicators because it is easy to monitor and track. This would easily help anyone to see the big picture of macroeconomics.

Reference

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