Macroeconomics: Quick Questions 2.0 / 5 based on 1 rating ? EconomicsMacroeconomic indicatorsASEdexcel Created by: Isabelle TaylorCreated on: 02-04-13 12:02 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) 4 of 5 What are the 4 factors of production? 1. Land 2. Labour 3. Capital 4. Enterprise 5 of 5
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