MACROECONOMIC OBJECTIVES Flashcards
1
Q
ECONOMIC GROWTH
A
An increase in an economies productive potential. Usually measured as the rate of change of the GDP, or the GDP per capita
2
Q
INFLATION
A
The general rise in prices
3
Q
LOWERING UNEMPLOYMENT
A
The level of people who are looking for a job but cant find one
4
Q
BALANCE OF PAYMENTS
A
A record of a country’s international transactions
5
Q
AGGREGATE DEMAND
A
The total demand, or total spending in an economy at a given price level over a given price level over a given period of time
➢AGGREGATE DEMAMD= C + I + G + ( X - M )
6
Q
SUSTAINABILITY
A
Trying to meet the needs of people now, without making it more difficult for people in the future
7
Q
REDUCING DEBT
A
8
Q
REDUCING INEQUALITY
A
