the following macroeconomic data are from a fictitious country's economy in

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11-03-2022
Advanced Placement (AP)

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the following macroeconomic data are from a fictitious country's economy in

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Tundexi Tundexi · Answer 1 · 2022-03-21T11:46:10+01:00

The macroeconomic data are mostly used by governments when making budgeting spending, creating taxes or interest rates, making policy decisions etc.

What are Macroeconomic data?

A macroeconomic data refers to data that consist of aggregate values of economic flows at the level of the total economy

The higher level of the aggregate values in macroeconomic data consist of data such as:

GDP
National Income

The lower level of the aggregate values in macroeconomic data consist of data such as:

income,
expenditure,
saving.

In conclusion, the macroeconomic data are mostly used by governments when making budgeting spending, creating taxes or interest rates, making policy decisions etc.