macroeconomics is the study of the aggregate economy; e.g., the entire U.S.,

German, or Indian economy. Normally, a nation adopts a set of accounts through which to measure its economy. In the U.S. case, the national income and product accounts (NIPA’s) constitute the accounting system used to measure the U.S. economy.

Within the NIPA’s there is a gross domestic product (GDP) concept. GDP is a measure of the value of all final goods and services produced on U.S. domestic soil during a specified period—normally, one year. Please note that the following equation is usually used to denote the GDP equivalence: GDP = C + I + G + NX, where C is consumption, I is investment, G is for government consumption and investment, and NX is net exports (exports less imports).

Can you relate these ideas to what’s happening right now in the US?

What can be learned from watching the link below:

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