What is significance of macroeconomics?

The following are the significance of macroeconomics: 1) description of the economy: macroeconomics offers a deep description of the economy. ● Estimation of national income reveals the nature and level of economic activities in the economy ● study of unemployment. reveals the magnitude of the problem and the way it can be handled. 2) roadmap of growth and development: macroeconomics offers a roadmap of growth and development. Programme and policies of economic growth are drawn by assessing the needs and means of the economy. 3) economic stability: study of macroeconomics helps achieve economic stability. This is achieved through appropriate monetary policy and fiscal policies. 4) BOP: bop status of a country reveals performance of the economy in relation to rest of the world.