Association of Chartered Certified Accountants (ACCA) Certification Practice Test 2026 - Free ACCA Practice Questions and Study Guide

Macroeconomics focuses on the overall functioning and performance of a national economy rather than the individual components. It studies aggregate indicators such as GDP, unemployment rates, national income, and inflation, and how these elements interact within the economy as a whole. By analyzing the economy at this macro level, economists can understand patterns and trends and formulate policies that impact economic growth and stability. This distinguishes it from microeconomics, which examines the behavior of individual households and firms or specific sectors within the economy. Understanding these broader economic dynamics is essential for policymakers, investors, and businesses looking to navigate the economic landscape effectively.