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Generally speaking an economy can be measured by its GDP or gross domestic product. Other measures include unemployment, number of people below the poverty level and the balance of trade figures. This refers to the ratio between imports and exports.
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What are 2 indicators of economic stability?
Price Stability and full employment! -A
What are the seven major goals of the US economy?
Full Employment Economic Growth Price Stability Economic Freedom Economic Security Economic Equity Efficiency
What is a goal of federal economic policy?
The goal of a federal economic policy is to create a healthy economy in the country that benefits every citizen. The goals of federal economic policy include: maintain stable prices, full employment, economic growth.
What are the three goals of a healthy economy?
stable prices full employment and economic growth
Is an economy is efficient when it has achieved full production?
The economy is efficient only when it has achieved full employment and full production
What are 2 indicators of economic stability?
Price Stability and full employment! -A
What are the seven major goals of the US economy?
Full Employment Economic Growth Price Stability Economic Freedom Economic Security Economic Equity Efficiency
What is the impact of fiscal policy?
Fiscal policy is used by governments to influence the level of aggregate demand in the economy, in an effort to achieve economic objectives of price stability, full employment and economic growth.
Why is the economy so bad in Rwanda?
the economy in rwanda is bad because its people are not free, to be happy and reach their full economic potential freedom and prosperity go hand in hand google RON PAUL
What is a goal of federal economic policy?
The goal of a federal economic policy is to create a healthy economy in the country that benefits every citizen. The goals of federal economic policy include: maintain stable prices, full employment, economic growth.
Is economic freedom a part of maqrket economy?
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What are the three goals of a healthy economy?
stable prices full employment and economic growth
Is an economy is efficient when it has achieved full production?
The economy is efficient only when it has achieved full employment and full production
Objectives of mixed economy?
Objectives of all economic systems are: stable prices, economic growth (i.e. increase in total value of goods and services produced), full employment, and efficient use of resources to produce goods and services. Most economies today are mixed, for example the US has a mixed economy (even though it is based largely on a free market economy, it has elements of a command economy.) Mixed economies simply allow for incorporation of various aspects of each economic system to the best advantage of the country.
What is canon Economy?
its an economy full of canons =D
What is a boom economy?
Period that follows recovery phase in a standard economic cycle. A boom is characterized by an economy working at full or near-full capacity, strong consumer demand, low rate of unemployment, and a rising stockmarket, usually accompanied by rapidly increasing consumer prices (inflation). Read more: http://www.businessdictionary.com/definition/boom.html#ixzz1rS8BIuQf
The absence of cyclical unemployment is evidence that?
the economy is operating at full employment. Cyclical unemployment refers to the fluctuations in unemployment that are caused by economic downturns or recessions. When there is no cyclical unemployment, it suggests that the economy is in a state of stable growth and there are enough job opportunities available for those seeking employment.
