Macroeconomics and Romania's Economy

Business Economics In
Romania's

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
1. Background of Romania and Macroeconomics:......................................................................3
2. Framework and model for macroeconomics:..........................................................................4
3. Government role in advancing businesses in Romania:..........................................................5
CONCLUSION ...............................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
This report is about Macroeconomics and Romina economic. Economic has two parts
such as microeconomics and macroeconomics. This report is about macroeconomics which
means aggregate demand and supply of whole country and government spendings and income.
This report covers topics such as Background of Romania and macroeconomic introduction,
framework for macroeconomic (Băcanu, 2020). Apart from this is also covers topics such as
role of government in advancing businesses.
MAIN BODY
1. Background of Romania and Macroeconomics:
Romania is the southeastern country which is known for forested region of transylania
covered by mountains. It is bordered on north and northeast through the Ukrain and the republic
of Moldova, on northwest it covers by Hungary, south and southwest side it covers by
Yugoslavia and Bulgaria and in east covers by the black sea. This countries covers area of
237499 square Km. As per the 2000 data, the population of Romania was 22.5 million, it was
shows as decrease rate of 2.7 %. Its capital and largest city which is known as Bucharest had
population of 2.02 million. Its most population is rural and agriculture, there are six cities which
has 300000 or more population includes Constanta, Iasi, Cluj- Napoca, Timisoara, Galati and
Brosav (orlea, Achim and Mare, 2017). According to religious the population of Romania is
almost Christian. The GDP of the economy has grown by high rates seven percent in the year
1990's. Its areas including agriculture, energy, tourism provides it great economic future. It has
52 ranked in human development index, and it counted as developing country and high income
economy. It shows annual economic growth rate as 3.5% in year 2020. The official language of
Romania is known as Romanian. It is developing country and has large connections with others
such as Ukraine etc. Romania has increasing GDP rate because of its agriculture, power,
commercial department.
Macroeconomic is the part of economics which means large economic. Macroeconomic
is the sum of all micro economic. It deals in performance, behaviour, structure, decision-making
for the economy as whole. It using interest rates, tax rates, income, spendings, subsidies for
regulating economy growth and stability. It covers topics such as unemployment rates, price
indicates, consumption, national income, inflation savings, investment, trade policies, energy,