In macroeconomics, the common way in which market values are measured in an economy is described as unit of account.
What is macroeconomics?
Macroeconomics can be defined as a study of all the behaviors, performances and factors that affect the entire economy. Thus, it typically focuses on aggregate phenomena such as the following:
- Gross Domestic Product (GDP)
In macroeconomics, the common way in which market values are measured in an economy of a particular country is described as unit of account.
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