1)What are the most important macroeconomic indicators to consider if you are looking for an overview of a country's economy?

2)Do you think what monthly or weekly macroeconomic events affect commodity prices the most?

3)How are the four macroeconomic objectives achieved?

1)The major macroeconomic indicators that are important if we look up for an overview of a country's economy is the GDP of the country which calculates the total production of goods and services over time. Another important aspect of the macroeconomy is the consumer price index, which measures the average consumption of goods and services of the consumer from the sample of consumption recorded previously. Another important macroeconomic indicator is the unemployment opportunities of jobs to the people of the country as low employment indicates higher income, greater opportunities, and a better standard of living.

2)Prices of the commodities are affected by various monthly or weekly macroeconomic factors such as if the demand for certain commodity suddenly rises the price of that particular commodity also increases and the opposite happens when the demand falls. The price of commodities is also affected by the cost of production. If the cost of producing a commodity rises, the price of that commodity also increases. Suppose suddenly the workers in a firm demand their wages to increase then the firm will increase the price of the commodity to cover the wage cost.

3)

The macroeconomic economic objectives are achieved in the following ways:

• Implementation of monetary policies help to achieve price stability. By controlling the amount of money in circulation, the government can control the purchasing power of individuals by influencing interest rates. The effect on purchasing power affects the expenditure decisions of both businesses and individuals hence stabilizing prices.
• Targeted employment programs for full employment. The government offers direct employment opportunities to groups of people facing high unemployment such as the marginalized groups. It is by doing so that it ensures full employment without leaving out some communities.
• Demand management to minimize expenditure. The government may minimize its expenditure and increase taxes on imports to reduce the demand for imports. By so doing, it improves local production capacity which can be directed towards export hence keeping the balance of payment in equilibrium.
• Inclusive and sustainable industrialization to ensure sustainable economic growth. The government may formulate policies that are geared towards massive industrialization that obeys the rules of diversity, inclusion, and care for the environment.