2.6.1 - Possible Macro Economic Objectives Flashcards
1
Q
Economic Growth
A
- LR trend in UK is 2.5%
- Govt. aims to have sustainable economic growth in the LR
- However, in developing nations, Govts. may instead aim to increase economic development, which would have a greater impact on living standards than more economic growth.
2
Q
Low Unemployment
A
- Aim to have near full employment
2
Q
A
3
Q
A
