Topic study hub
The macroeconomic aims of government
Understand the main macroeconomic goals of governments, which include promoting economic growth, achieving full employment or low unemployment, maintaining stable prices or low inflation, ensuring balance of payments stability, and redistributing income. Discuss the reasons for selecting these goals and the criteria that governments use to evaluate each one.
2
Objectives
20
Flashcards
14
Questions
88 min
Study time
CambridgeIGCSEEconomicsGovernment and the macroeconomy
Choose a revision tool
Start revising The macroeconomic aims of government
Syllabus checklist
What you need to know
2 objective pages available
The macroeconomic aims of government outcomes2 objectives
- Understand the main macroeconomic goals of governments, which include promoting economic growth, achieving full employment or low unemployment, maintaining stable prices or low inflation, ensuring balance of payments stability, and redistributing income. Discuss the reasons for selecting these goals and the criteria that governments use to evaluate each one.
- Explore the potential conflicts that can arise between different macroeconomic objectives, such as the trade-off between achieving full employment and maintaining stable prices, the tension between economic growth and balance of payments stability, and the conflict between full employment and balance of payments stability.
Key terms
DescribeExplainIdentifyDiscussAnalyse
Exam tips
No exam tips are published for this topic yet.
Common mistakes
No common mistakes are published for this topic yet.
Practice preview
Continue by objective
Objectives are grouped by subtopic so students can jump straight to the exact skill they want to revise.
Related topics