macroeconomic

Subdecks (1)

Cards (4)

  • Economic growth is the annual increase in the level of national output, that is, the annual percentage change in gross domestic product.
  • The macroeconomic aims of the government.
    Economic growth
    Full employment/low employment
    Stable price/low inflation
    Balance of payment stability
    Redistribution of income
  • Unemployment occurs when people are willing and able to work, and actively seeking employment, but are unable to find work.