macroeconomic objectives and indicators

Question 1

why a macroeconomic indicators useful?

Answer 1

• they help governments, economists and policymakers predict issues so they can make policies to reduce the impact
• they show the health and growth of an economy

Question 2

what are some macroeconomic indicators?
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- C… P… I…
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- M… P… I… R…
- L… P…
- B… O… T…

Answer 2

• GDP growth/ real GDP per capita
• unemployment rates
• consumer price inflation rates
• government borrowing
• national debt
• monetary policy interest rates
• labour productivity
• balance of trade

Question 3

why do macroeconomic objectives vary between countries?

Answer 3

• political priorities
• development stage
• economic well-being

Question 4

what are some macroeconomic objectives?
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- A… T… S…
- L…. U…..
- L…. I…..
- S…. E…. G….
- I… E…
- G…. C….
- G…. F…
- R…. N…. D…
- S… E…. T…

Answer 4

• environmental sustainability
• regional balance
• balance of payments
• access to services
• low unemployment
• low and steady rate of inflation
• sustainable economic growth
• income equity and distribution
• global competitiveness
• stable government finances
• reducing the national debt
• stable external trade

Question 5

what are the functions of money?

Answer 5

• medium of exchange
• standard of deferred payments
• store of unit
• unit of account