Economic Objectives of the Government- GCSE AQA Economics- Unit 12

Hey, 

here are some questions on the first section of unit 12, message me if you want to discuss anything regarding the course, more specifically the case studies.

Good luck,

Jack.

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  • Created by: Jack
  • Created on: 15-10-11 10:38
How many economic objectives does the Government have (based on this course)?
4
1 of 9
What are the government economic objectives?
Economic Growth, Full Employment, Stable Prices and Balance of Payments
2 of 9
What is Economic Growth?
How fast national income grows over a period of time?
3 of 9
Unemployment refers to....
Those of working age who are not currently working and are not in full-time education
4 of 9
What is "full employment"?
When those who are actively looking for employment can find employment
5 of 9
A period when prices are continually rising is know as.....
Inflation
6 of 9
If the value of imports is higher that the value of our exports, we have a....
Trade Deficit
7 of 9
Does the Government want a trade deficit?
No.
8 of 9
What does the government do if they have a trade deficit?
Spend savings (if they have them) or borrow to finance the deficit
9 of 9

Other cards in this set

Card 2

Front

What are the government economic objectives?

Back

Economic Growth, Full Employment, Stable Prices and Balance of Payments

Card 3

Front

What is Economic Growth?

Back

Preview of the front of card 3

Card 4

Front

Unemployment refers to....

Back

Preview of the front of card 4

Card 5

Front

What is "full employment"?

Back

Preview of the front of card 5
View more cards

Comments

Niraj Jasraj

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9/9 EASY!

silvershock1

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very easy. got 100% so it helps

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