(a)[4]
The article refers to macroeconomic policy aims. Identify and explain two such macroeconomic policy aims.
(b)[4]
Is there evidence in the article that knowledge of behavioural economics can help public policy?
(c)[5]
The article says that ‘efficiency is measured by relating inputs to outputs’. Is this how economic theory explains efficiency being determined?
(d)[7]
The article deals with an improvement in well-being. Discuss whether there are any economic indicators that could be used to assess whether well-being has become better or worse.