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Cambridge IGCSE Economics practice

Paper 2 structured question: The macroeconomic aims of government

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The macroeconomic aims of government

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Paper 2Structured Questions1 marks

Governments set macroeconomic goals to guide economic policy.

Description

Macroeconomic Goals

Governments aim to achieve economic growth, full employment, price stability, balance of payments stability, and income redistribution.

  1. a

    State one macroeconomic goal of governments

    Aim for approximately 1 distinct marking point.

    [1]

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Paper 2 structured question: The macroeconomic aims of government

Paper 2Structured Questions3 marks

Description

Importance of Macroeconomic Goals

Macroeconomic goals guide government policies and impact economic performance.

  1. a

    Explain the significance of maintaining stable prices

    Aim for approximately 3 distinct marking points.

    [3]