Macro objectives Flashcards
1
Q
Economic growth
A
increasing productive capacity of economy, measured in GDP (value of all goods & services)
2
Q
Inflation
A
Increase in general prices, measured in CPI
3
Q
Unemployment
A
amount looking for work but cannot find a job, measured in claimant count
4
Q
Balance of payments
A
when imports=exports, measured in deficits or surpluses
