Note: Sample below may appear distorted but all corresponding word document files contain proper formattingExcerpt from Essay:
Briefly outline the five macroeconomic objectives governments generally seek to achieve
In each economy, the government always put forward some five macroeconomic objectives, which will help in keeping track of the economic growth. The five macroeconomic objectives are increase economic growth, control of inflation, reduction in unemployment, more equal distribution of income, protection of the environment.
Increase in economic growth
Increased economic growth acts as an agent for increased living standard which is always the aim of every government. The governments always seek in increasing the job creations to offer a source of income to the citizens. The government can only achieve this if it put forward strategies for increasing the economic growth. The increased economic growth has a direct relationship to the expansion of national production which acts as a prerequisite for economic development (Jonkhoff, 2011). The government also aim in increasing the national economic growth because the latter will increase the participation in international trade; consequently, increasing the diplomatic relationship with other countries.
2. Reduction in unemployment
Unemployment acts as a socio-economic problem in most countries in UK; consequently, the government in making life for its people, always seeks for ways of increasing the employment rates. Economic problem arises as the result of reduced per capita income because less people are productive in the countries. Consequently, UK will be suffering slow economic growth because of the less proportional efforts of the citizens in the manufacturing field. As a social problem, unemployment leads to increased idleness which creates higher chances for increasing crimes in the UK. The idle person will always seek for other dubious ways of making ends meet hence the turn to such ways like robbery and immoralities. Achieving the objective will help the government to reduce the crimes since many grown person would be having some place to occupy in the employment field.
3. Control of inflation
Control of inflation is significant as part of the government objectives in ensuring economic sustainability. Inflation always has a direct relationship to price instability as shown in Fig 1. The price index of the consumers varies all across the year 2010. The government will need to put much effort in ensuring that there is price stability in the UK. The government can only maintain the price stability only if there is as low inflation as possible in the nation (Langdana, 2009). Inflation always has impact in the creation of monetary policy since the former will lead to low currency value of the subject country in relation to its neighbors. Provided the UK has a higher inflation compared to the rest of the world, it is obvious that it will lose price competitiveness in the international market (Viertel, 2009).
4. More equal distribution of income
Since the disparity in income distribution has always acted as a menace in the economic growth of the UK, equal distribution has been the last resort. Extreme income inequality always implies that most of the population are living under poverty and are can not care for their daily living. Unequal distribution of income makes the government imbalanced since the rich will always control the government to ensure that they protect their wealth. This is against the government policy of promoting growth in all the countries as it will make the poor to remain in their state. The UK government has put equal distribution of income to help in solving the issue. The graph shows that middle income has no place in the Britain income distribution.
5. Protection of the environment
Protecting the environment is part of achieving a sustainable development especially as stated in the Millennium Development Goals. To ensure sustainable development, the UK will need to put in place ways of reducing environmental pollution besides promoting sustainable consumption and production (Great Britain, 2006). This will help in breaking the relationship between economic growth and degradation of the environment. The government will also have to identify protection strategies to ensure there is sustainability in development.
Explain how the government policies to achieve one of the objectives influences the property in the UK
Increase in Economic Growth (real rises in GDP) and influence on Property
One of the greatest precedence of…[continue]
"Macroeconomic Objectives Briefly Outline The Five Macroeconomic" (2012, August 10) Retrieved November 28, 2016, from http://www.paperdue.com/essay/macroeconomic-objectives-briefly-outline-81570
"Macroeconomic Objectives Briefly Outline The Five Macroeconomic" 10 August 2012. Web.28 November. 2016. <http://www.paperdue.com/essay/macroeconomic-objectives-briefly-outline-81570>
"Macroeconomic Objectives Briefly Outline The Five Macroeconomic", 10 August 2012, Accessed.28 November. 2016, http://www.paperdue.com/essay/macroeconomic-objectives-briefly-outline-81570
Open Market Operations Monetary policy may involve several facets, including reserve requirements, discount rate and interest rate targeting. The U.S. Federal Reserve's long-time strategy has been to use interest rate targeting through Open Market Operations primarily to keep the economy in its attempts to keep the economy in a state of equilibrium. Today, open market operations (purchase and sale of U.S. Treasury and other federal agency securities) are the principal tool used
Over time the cause-and-effect of strategies to increased retention, get reflected in the metrics and KPIs that are rolled up into a single balanced scorecard. All of these metrics also are used for defining the second step in the process the book promotes, which is defining the causes of attrition and working to alleviate them. The most difficult aspect of customer retention strategies and minimizing the defection rate is equating
Hipple (2010) finds the absolute level of unincorporated self-employment largely stable if shifting toward wage-counted incorporated self-employment, but also reports the scale of this sector as comprising just under 11% of total national earnings from work. The exclusion of all these types of earnings supports inquiry into the validity of data built on potential composition problems, the weighting for part and full time earnings. While the median is the proper
Workers With in Small Firms Chapter I outlines the problems this research aims to address, namely an information gap that may, if filled, enhance employment for potential and existing workers with disabilities. This chapter defines the problem background, purpose of research, theoretical framework through which conclusions will be drawn from survey data gathered in the field, the research questions the survey instrument seeks to answer, the definition of terms those questions
S.S.R. This has resulted in a renewed tourist enthusiasm to visit these countries. The imaging process involved a portrayal of conformity to the European paradigm, a projection of a safe and friendly environment, and the development of niche tourism products to attract visitors. These efforts have culminated in countries such as Hungary and Poland becoming very attractive tourist markets. This creates a favorable climate for hotel chain expansion. In a writing
Recidivism This proposal is conducting a study using intervention and community orientated strategies to reduce recidivism rates. According to the Justice Department, these levels are at 43.8%. This is because the individual breaks the conditions of their parole / probation or commits new crimes within three years of their release. ("State of Recidivism," 2006) To reduce recidivism a new approach must be taken that will concentrate on dealing with the root
5% and 2.35% over that period but opposite the trend of fluctuation in overall spending The result is approximately $23.5 billion spend each year in the U.S. attending sporting events like the 82 games per year at the Boston Garden Average U.S. households spent more attending sports events while incomes fell after 2007, and less as incomes increased since then Households in the Northeast region including Boston spend higher on "apparel and services"