objectives of goverment policy (10.1.1) 0.0 / 5 ? Economicsobjectives of goverment policy (10.1.1)ASAQA Created by: lee42Created on: 02-07-19 09:51 what is a current account? The current account records the payments for goods and services, plus investment income and transfers, between an economy and the rest of the world. 1 of 8 What are the objectives of goverment policy? stable current account, sustainable fiscal/.national debt, low income inequality, sustaiable economioc growth, low unemployment/price stability 2 of 8 what is a fiscal deficit? its when goverment spends more than it receives in tax revenue in a given period 3 of 8 how is inequality measured? gini coefficient 4 of 8 how is price stability measured? consumer price index 5 of 8 what is the negative impact of the goverment reducing unemployment by spending on training in short run it would increase fiscal deficit because increase goverment spending 6 of 8 what is the negative impact of reducing inequality by raising tax on rich? This will disincentivise workers 7 of 8 what is the negative impact of high economic growth? High economic growth could lead to pressure on resources so price began to rise fast 8 of 8
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