Government Aims

Question 1

MACRO V MICRO ECONOMIC AIMS

Compare Macro v Micro Economic Aims

Answer 1

Question 2

MACRO V MICRO ECONOMIC AIMS

Describe 2 MACROeconomic aims of the UK government

Answer 2

Question 3

MACRO V MICRO ECONOMIC AIMS

Describe 2 MICROeconomic aims of the UK government

Answer 3

Question 4

INFLATION

What is inflation?

Answer 4

Question 5

INFLATION

Describe the meaning of real income.

Answer 5

Question 6

INFLATION

Inflation is measured through the Consumer Price Index (CPI).

Describe how the CPI is calculated.

Answer 6

Question 7

INFLATION

What are the two types of inflation?

Answer 7

Question 8

INFLATION

What causes inflation?

Answer 8

Question 9

INFLATION

What causes inflation?

Answer 9

Question 10

INFLATION

Describe deflation.

Answer 10

Question 11

INFLATION

Explain the impact of rising inflation on the Balance of Trade.

Answer 11

Question 12

INFLATION

Explain the impact of inflation on INDIVIDUALS

Explain the impacts on consumers of a FALL in their REAL INCOME

Answer 12

Question 13

INFLATION

Explain the impact of inflation of FIRMS

Answer 13

Question 14

INFLATION

Explain the impact of inflation on GOVERNMENTS / ECONOMY

Answer 14

Question 15

INFLATION

What measures will the Government adopt to CONTROL inflation?

Answer 15

Question 16

INTEREST RATES

Explain the impact of an increase in Interest Rates on INDIVIDUALS

Answer 16

Question 17

INTEREST RATES

Explain the impact of an increase in Interest Rates on FIRMS

Answer 17

Question 18

(UN)EMPLOYMENT

What is Unemployment?

Answer 18

Question 19

(UN)EMPLOYMENT

How is the Unemployment RATE calculated?

Answer 19

Question 20

(UN)EMPLOYMENT

Describe two methods of calculating unemployment

Answer 20

Question 21

(UN)EMPLOYMENT

Describe the positive and negative effects of high levels of unemployment on an economy.

Answer 21

Question 22

(UN)EMPLOYMENT

Draw a graph showing CYCLICAL unemployment

Answer 22

Question 23

(UN)EMPLOYMENT

What are the main types of Unemployment?

Answer 23

Question 24

GROWTH

What is Economic Growth?

Answer 24

Question 25

GROWTH What is a recession?

Answer 25

Question 26

GROWTH Economic growth using DEMAND SIDE policies

Answer 26

Question 27

GROWTH Economic growth using SUPPLY SIDE policies

Answer 27

Question 28

GROWTH Discuss the costs and benefits of economic growth

Answer 28

Question 29

GROWTH Describe reasons for economic growth being a government objective.

Answer 29

Question 30

GROWTH Describe, using a diagram, the stages of the business cycle (trade cycle).

Answer 30

Question 31

GROWTH Explain the effects of economic growth on unemployment

Answer 31

Question 32

CONFLICT

Answer 32