EconomicsExam code: 0455
Macroeconomic Aims
Government and the Macroeconomy
| Aim | What it means | Headline target |
|---|---|---|
| Economic growth | Sustained rise in real GDP | ~2–3% per year |
| Low inflation | Low and stable rise in prices | Often ~2% CPI |
| Low unemployment | High employment rate | No cyclical unemployment; some frictional and seasonal remains |
| BoP equilibrium | Current account roughly balanced | Exports ≈ Imports over the medium term |
| Income redistribution | Reduced inequality, less poverty | No single number; judged from income-distribution and poverty data. |
| Environmental sustainability | Growth without lasting environmental damage | Lower pollution and emissions; sustainable use of resources |