1)Why is macroeconomics called the income and employment theory?

2)Is the modern macroeconomic market system a Ponzi scheme?

1)The scope of the subject of macroeconomics entails various theories of income, output, employment, growth, inflation and so on.

Macroeconomics has widely been known as the income and employment theory as it majorly focuses on the determination of income as well as employment levels in the economy. It studies and interprets data to make substantial inferences regarding these levels and to work on the betterment of these levels that speak for the overall growth and development of the economy

2)Yes, the current modern macroeconomic market is a debt-fuelled Ponzi scheme. The current economic operations are based on the practice of financing the consumption and any shortfall of income through the creation of low-grade debt. The increasing rate of the population made it difficult to achieve sustainability. Increasing macroeconomic growth is not leading to an increase in the standard of living of the people.c