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Identify and explain the concepts from the given illustrations:National income estimates help to measure the economic performance of a country. |
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Answer» Macro-economics. Macroeconomics means studying the economy at a large or whole. It includes the study of total employment, total savings, total consumption, aggregate supply, aggregate demand, etc. In the above case, the study of the whole country’s income leads to the measurement of the economic performance of a country. |
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