macro objectives of government Flashcards
1
Q
objective for growth
A
strong, sustained, sustainable
growth without excessive inflation and environment, etc
2
Q
objective for unemployement
A
low unemployement, full employment
strong economy
3
Q
objective for inflation
A
low and stable, 2% (+-1%)
4
Q
what are the 5 indicators
A
growth, unemployement, inflation, trade, distribution of income
5
Q
objective for trade
A
balance between the value of export and import of goods and services
no trade deficit and surpluses
6
Q
objective for distribution of income
A
‘fair’ - always opinionated therefore is normative.
7
Q
what is TIGERS
A
Trade, inflation, growth, employment, redistribution of income, stability
8
Q
what are the non core objectives
A
sound government finances, environmental sustainability, productivity growth
