1)Is it true that the amount of debt is always equal to the amount of credit in macroeconomics?

2)How do I add macroeconomic information (GDP, exchange rate, etc) into panel model?

3)Why does George Tait Edwards see Shimomuran-Wernerian macroeconomics as the key understanding in the future of mankind?

4)What do you think of Shimomuran-Werner Macroeconomics as promoted by George Tait Edwards as an expert?

5)Why do we need macroeconomics?

1)No, the amount of debt is not always equal to the amount of credit in macroeconomics as debt is something that you possess and credit is something that you are given.

For example, if we take a loan from the bank as credit for say, two lakh then, and two lakh will be the credit amount. If we are not able to pay back the loan on time and it continues to grow over time and thus after two years of not paying the loan, the bank charges extra ten thousand for delay repayment thus here, two lakh will be considered as credit and two lakh ten thousand will be considered as the debt. Thus the credit and debt are not the same in macroeconomic.

2)please see the attached file for the complete solution.

3)The Shimomuran Wernerian macroeconomics is the most successful realistic as well as detailed. It has a historical examination on how to come up with substantial capital in the form of wealth and prosperity. It has a foundation in continual personal inventions, continuous innovations in factories, a sub servant of the central bank, and an economically responsible government that fulfils its duties for care to all its members. The results are a prime condition for increasing the rate and quality of economic development.

According to George Tait, macroeconomics is responsible for all economic success snow and those that occurred in the last century. These have led to various economic miracles such as Taiwan's Economic Miracle, China's ongoing Economic Miracle, South Korea Economic Miracle as well as Japan's Post-War Economic Miracle 1945-1973. George suggests that Shimomura-Wernerian economics is one key to the best future of humankind that results. The macroeconomics produces widely diffused success through local banks supporting SMEs as well as the conservation of invention into innovation.

4)

The views on Shimomuran-Werner Macroeconomics as promoted by George Tait Edwards are as follows:

• Shimomuran-Werner Macroeconomics aims at empowering governments.
• It results in a world which a capital abundant.
• It creates high growth of the economy and the people become highly prosperous.

5)

Macroeconomics has numerous benefits which include

• It aids in achieving economic growth. Macroeconomics helps the government to realize strategies that can be implemented to improve and sustain the growth of the economy, such as promoting investments. Moreover, it also helps in the identification of drivers of economic growth like human capital.
• It helps in identifying and solving economic problems such as inflation and unemployment. Basically, macroeconomics enables the government to solve economic challenges like inflation by regulating the supply of money as well as encouraging entrepreneurship to boost aggregate demand and create employment.
• The knowledge on macro-economics aids in the formulation and implementation of effective economic policies in order to promote economic growth hence improving the living standards of the citizens.
• Helps economists, government, and individuals to understand the general functioning of the complex economic system as a whole. Besides, it describes the interactions of different economic aspects such as aggregate supply and demand and their influence on economic growth and other economic issues like inflation and employment.