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What is GNP and how is it calculated?

GNP is defined in the as “the money value of all the final goods and services produced by the people


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Why should we study macro economics?

Achievement of Full Employment
The foremost and the basic objective of the study of macro economics


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How did Keynes general theory of employment work?

In 1936 Lord Keynes wrote a book entitled “General Theory of Employment, Interest and Money”. It was


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What are the limitations of demand acceleration principle?

The acceleration principle was not suitable due to the following reasons:



Temporary Change in Deman


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What is the difference between public and private finance?

Government expenditures are the expenditures incurred by the Government for development of the count


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What is the investment theory of trade cycles?

This theory reflects the work of John Maynard Keynes. However, it is not systemically presented as s


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