Economics

• Macroeconomic aims of the government

  • Economic growth
  • Price stability
  • Full employment
  • Redistribution of income
  • Balance of payment stability
• Economic growth


  The government aims to achieve and maintain a high and stable rate of economic growth
• Price stability


  The government aims to achieve a low and stable rate of inflation (keep prices low)
• Full employment


  The government aims to achieve a high rate of employment (a low rate of unemployment)
• Redistribution of income


  The government aims to reduce the gap (difference) between the rich and the poor
• Balance of payment stability

  The government aims to reduce the difference between the value of imports and the value of exports
• Economic growth


  An increase in output of an economy and in the long run an increase in the productive potential
• Economic growth is an increase in the total output produced by an economy over a period of time
• Economic growth refers to an increase in a country's real gross domestic product for a period of time
• Economic growth is the annual increase in the level of national income
• Endocrine glands include the pituitary gland, thyroid gland, parathyroid glands, adrenal glands (including the adrenal medulla), pancreas, ovaries/testes, and pineal gland.