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More cards in this set
Card 6
Front
a policy that uses taxation and government spending to try and achieve objectives of the government
Back
Card 7
Front
aimed at changing the total demand in the economy through changes in interest rates. It is not directly operated by the government.
Back
Card 8
Front
aimed to increase economys capacity to produce more goods. Increase supply!
Back
Card 9
Front
growth in output of the economy over time/ a growth in real GDP over time
Back
Card 10
Front
The total value of goods and services produced in a the country in a year
Back
Card 11
Front
GDP divided by the total population, therfore GDP per head
Back
Card 12
Front
more investment alowws the economy's capacity to produce more goods and services in the future
Back
Card 13
Front
technical progress means quality of capital goods improves and a given quanity of capital can now produce more
Back
Card 14
Front
The economy can produce more if it has more workers
Back
Card 15
Front
This effects the quality od the workforce. The more educated, traine and skilled a woeker is the more thecountey can produce
Back
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