Macroeconomic Objectives

Question 1

What are the main Macroeconomic Objectives?

Answer 1

TIGERS

Trade
Inflation
Growth
Employment
Redistribution of Income
Sustainability

Question 2

What are some of the less important macro objectives?

Answer 2

Government budget
The environment
Productivity growth

Question 3

What are the characteristics of good economic growth?

Answer 3

Strong, sustained & sustainable

Question 4

What is a good rate for unemployment?

Answer 4

5%

Question 5

How is trade meant to be managed?

Answer 5

Balanced amount of imports & exports

Question 6

What is a stable rate for inflation?

Answer 6

1-3%

Question 7

Why is economic growth harder for more developed countries?

Answer 7

They are already industrialised and cannot improve their economy by much

Question 8

Why is economic growth easier for underdeveloped countries?

Answer 8

They often have more resources and can improve any aspect of their current economy by looking at leading countries