Economics AQA Matt Bennett 2.1.1: Government Economic Policy Objectives

Play an AI-generated podcast conversation about this lesson

Macroeconomics studies the behaviour of an economy as a ______

whole

Macroeconomics looks at the effects of policies such as change in ______ or higher/lower interest rates

taxation

Macroeconomics studies inflation, growth, progress in human development, trade, and ______

globalisation

One of the main macroeconomic objectives is Economic Growth - improving living standards and levels of economic ______

welfare Signup and view all the answers

Unemployment - maintaining full employment or low ______

unemployment Signup and view all the answers

Inflation - limiting or controlling inflation to achieve price ______

stability Signup and view all the answers

Short-run growth results from using ______ resources

idle Signup and view all the answers

Long-run growth increases an economy’s potential level of real ______

output Signup and view all the answers

GDP can be split into Real and ______ GDP

nominal Signup and view all the answers

Government targets full employment or low ______

unemployment Signup and view all the answers

Full employment can be defined when unemployment is below ______%

3 Signup and view all the answers

Unemployment is measured using Claimant count and Labour force ______

survey Signup and view all the answers

_______ is a persistent or continuing rise in the average price level

Inflation Signup and view all the answers

_______ is the official measure (from 2011 onwards) to calculate UK rate of inflation

CPI Signup and view all the answers

RPI is the former measure of inflation, generally higher than _______

CPI Signup and view all the answers

Economics AQA Matt Bennett 2.1.1: Government Economic Policy Objectives

Podcast Beta

Questions and Answers

Macroeconomics studies the behaviour of an economy as a ______

Macroeconomics looks at the effects of policies such as change in ______ or higher/lower interest rates

Macroeconomics studies inflation, growth, progress in human development, trade, and ______

One of the main macroeconomic objectives is Economic Growth - improving living standards and levels of economic ______

Unemployment - maintaining full employment or low ______

Inflation - limiting or controlling inflation to achieve price ______

Short-run growth results from using ______ resources

Long-run growth increases an economy’s potential level of real ______

GDP can be split into Real and ______ GDP

Government targets full employment or low ______

Full employment can be defined when unemployment is below ______%

Unemployment is measured using Claimant count and Labour force ______

_______ is a persistent or continuing rise in the average price level

_______ is the official measure (from 2011 onwards) to calculate UK rate of inflation

RPI is the former measure of inflation, generally higher than _______

Inflation is measured in 2 main ways - the Consumer Price Index (CPI) and the Retail Price Index (_______)

If value of imports > value of exports, then there is a trade _______

The UK government targets a “satisfactory” balance of _______

More Like This

Macroeconomic Policy and Control Quiz

Macroeconomics Essentials Quiz

Mündliche Abiturprüfung 2024: Wirtschaftspolitik

Wirtschaftspolitik: Staatliche Eingriffe und Ziele

Upgrade to continue