(a)[4]
The article mentions macroeconomic policy aims. Identify and explain two of these aims.
(b)[4]
Does the article provide evidence that knowledge of behavioural economics can assist public policy?
(c)[5]
The article says that ‘efficiency is measured by relating inputs to outputs’. Does economic theory define efficiency in this way?
(d)[7]
The article is about an improvement in well-being. Discuss whether any economic indicators could be used to judge whether well-being has become better or worse.