Macro Y1

?
What are the govt macro objectives
Economic growth, control inflation, satisfactory BoP, full employment
1 of 5
Define demand
the quantity of a good or service that consumers are willing and able to buy at a given price
2 of 5
What are the problems with using GDP as a indicator of economic growth
Risk of double counting, black market, chance of error
3 of 5
?% and below shows full employment
3%
4 of 5
2 methods to measure employment rates
labour force survey,
5 of 5

Other cards in this set

Card 2

Front

Define demand

Back

the quantity of a good or service that consumers are willing and able to buy at a given price

Card 3

Front

What are the problems with using GDP as a indicator of economic growth

Back

Preview of the front of card 3

Card 4

Front

?% and below shows full employment

Back

Preview of the front of card 4

Card 5

Front

2 methods to measure employment rates

Back

Preview of the front of card 5

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