Briefly explain the main macroeconomic objectives, Microeconomics

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Briefly explain the main macroeconomic objectives of governments.

Definition of macroeconomic issues

Growth

a) Enhance in national income per unit of time, a flow method

b) Enables the economy to improve living standards

High employment

a) Percentage of labour force employed

b) shows utilisation of social factor of production

Price stability

a) steady rate of price enhance; change in CPI/RPI/GDP deflator

b) Permits predictability and reliability in the economic environment

External balance

a) balance of payments

i) equilibrium in foreign sector trade, i.e. exports and imports

b) exchange rate

i) stability in external value of currency

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