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Uk Objectives

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ASSESSMENT OF
MACROECONOMIC

Name: Zihan Wang(Hans)
Class: A3
Date: 2013-05-28

Title

Explain the government's various macroeconomic objective and their importance to UK economic. Is it possible for government to achieve all these objective at the same time?

Individuals, governments, firms and nations make selection on apportion rare resources to fulfil their unlimited desire which is economic concern about. Economics can generally be resolved into: microeconomics and macroeconomics.
Microeconomics centralizes particular market and segments of economy such as individual consumer behaviour, supply and demand in individual markets, externalities arising from production and consumption and the theory of firms.
However, macroeconomics is the concentration of the overall economy behaviour which is looking at ‘aggregate’ variables such as aggregate demand, national output and inflation. ‘Aggregate demand is the demand for the gross domestic product (GDP) of a country,’ the level of national output can be determined by AD which places a leading role. Aggregate demand is represented by this formula:
Aggregate Demand (AD) = C + I + G + (X-M). ‘C’ means Consumers' expenditures on goods and services. ‘I’ expresses investment spending by companies on capital goods. ‘G’ indicates government expenditures on publicly provided goods and services. ‘X’ signifies exports of goods and services and ‘M’ presents imports of goods and services.
Moreover, macroeconomics is also concerned with issues. Besides, there are some objectives that governments or countries want to achieve. Finally, policies help to accomplish those objectives. All economic analysis that refers to aggregates is macro. The coefficient of UK unemployment, the rate of inflation in the UK, the UK economic growth rate; these are all UK aggregates and therefore macro issues. Full employment, low

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