Economic objectives of the UK Government
- Created by: _lakmini
- Created on: 25-11-12 21:08
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- Economic Objectives of the UK Government
- Economic Growth
- This looks at how fast national income grows over a period of time- usually a year.
- The government wants this to be high as high growth adds to national income,
- High national income leads to higher incomes and a better standard of living for the population.
- It shouldn't be too high because high growth can produce high customer spending.
- High consumer spending can lead to inflation.
- The government wants this to be high as high growth adds to national income,
- This looks at how fast national income grows over a period of time- usually a year.
- Economic Growth
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