Economics 9708 · AS & A Level · Government macroeconomic policy objectives

Government macroeconomic policy objectives — practice question

The table shows some economic indicators for four countries. Which country is nearest to meeting the main aims of government economic policy?

  • Achange in GDP (%) 0.47; rate of inflation (%) 0.8; unemployment (%) 3.4; balance of payments (% of GDP) +3.3
  • Bchange in GDP (%) 1.13; rate of inflation (%) 0.9; unemployment (%) 10.5; balance of payments (% of GDP) -0.1
  • Cchange in GDP (%) 1.18; rate of inflation (%) 1.1; unemployment (%) 6.9; balance of payments (% of GDP) -3.3
  • Dchange in GDP (%) 1.45; rate of inflation (%) 0.1; unemployment (%) 4.6; balance of payments (% of GDP) +8.5

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