Government objectives
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Last updated 4:51 PM on 12/11/22
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6 Terms
1
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What are the 4 / 6 main government objectives ?
Growth, inflation, employment, balance of payments equilibrium- Inequality and environment.
2
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Define income distribution
The patterns of income in an economy
3
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How is income inequality measured?
The % of national income earned by different groups within the population
4
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What demonstrates the conflict between inflation and unemployment?
The Philips Curve
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What is demand-pull inflation?
Inflation caused by economic growth
6
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Is Economic Growth bad for the environment?
In developing countries like China, often growth comes along with rises is CO2 emissions
This is not necessarily the case in more developed economies like the UK.
This is not necessarily the case in more developed economies like the UK.
Note 
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