Macroeconomics: Aggregate Output & Income

Microeconomics studies the economic activity and behavior of individual economic units such as households, companies, and markets.

Microeconomics analysis examines a company’s output and income, the productivity of the labor force, the price level of its goods and services, and the actions of its management.

Macroeconomics focuses on national aggregates

Such as total investment, the amount of spending by all businesses on plant equipment; total consumption, the amount spent by…