Macroeconomics: Quick Questions

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What are the 4 main macroeconomic goals of government?
1. Economic growth 2. Low price inflation 3. Low unemployment 4. Avoid trade deficit
1 of 5
What are the 4 weaknesses of calculating inflation?
1. Individual spending patterns 2. Calculation errors 3. Expenditure survey absences 4. Delay in updating the basket
2 of 5
What are the 6 main influences on levels of consumption?
1. Income 2. Wealth 3. Inflation 4. Rate of interest 5. Expectations 6. Demographics
3 of 5
What are the components of AD?
C + I + G + (X-M)
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What are the 4 factors of production?
1. Land 2. Labour 3. Capital 4. Enterprise
5 of 5

Other cards in this set

Card 2

Front

What are the 4 weaknesses of calculating inflation?

Back

1. Individual spending patterns 2. Calculation errors 3. Expenditure survey absences 4. Delay in updating the basket

Card 3

Front

What are the 6 main influences on levels of consumption?

Back

Preview of the front of card 3

Card 4

Front

What are the components of AD?

Back

Preview of the front of card 4

Card 5

Front

What are the 4 factors of production?

Back

Preview of the front of card 5

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