Analytic use of macroeconomic aggregates

Abstract

Economic science has developed the whole system of so called macroeconomic aggregates - the system of a certain global and synthetic indicators which express the basic contents, dynamics and structure as well as the results of economic activity in some state or social community. The aim of this paper is to analyze the possible use of macroeconomic aggregates in the industries such as mining and metallurgy which support economic and social development of the north region of Kosovo and Metohija. The aggregate results of social production are indicators of volume, production and value structure of social production. Some aggregates like the national product and national income are used for recognition the dynamics and basic tendencies of economic development and total changes in national economy. Their absolute dimensions give the information on strength of national community economy, the same as possibility of its economic development. Focus of research will be directed on macroeconomic aggregates which are the expression of the social reproduction result that are the gross domestic product, national product and national income. These aggregates, together with unemployment, inflation and balance of payments are in the center of attention of macroeconomic analysis. Macroeconomic aggregates represent the important analytic categories because they provide an overview of structural elements of social reproduction, showing the direction of economic trends.

Keywords

• economy
• macroeconomic aggregates
• national product
• gross national income