Macro (Cummisky)

Question 1

In the last 60 years the main economic objectives of British governments has been: (6)

Answer 1

• Encouraging price stability (low inflation)
• Ensuring the working population (full employment, minimise unemployment)
• Maintaining a favourable balance of payments on the current account (international trade)
• Promoting steady economic growth
• Redistributing income and wealth more equitably
• Reducing the government budget deficit and the national debt