Macro Objectives Of Government Flashcards
1
Q
Objective for economic growth
A
Living standards are expected to be strong, sustained, sustainable
2
Q
Unemployment objective
A
Low unemployment, full employment
3
Q
Inflation objective
A
Low and stable
4
Q
Trade
A
Balance between value of imports and exports of goods and services
5
Q
Distribution of income objective
A
Fair, it’s a normative consideration
6
Q
What are the macroeconomic indicators
A
TIGERS
Trade, income growth, employment, redistribution of income, stability (all being met at the same time)
Non core objectives: sound government finances, environmental sustainability, productivity growth
