Following recent global supply shocks and rising inflation, economic growth in the UK has stalled. Between late 2022 and early 2024, quarterly GDP growth hovered near 0%, and real household disposable incomes fell, whilst the unemployment rate ticked upwards from 3.5% to 4.4%.
Explain why achieving sustainable economic growth remains a primary objective of UK government macroeconomic policy.
187 exam-style questions on AQA A Level Economics 2.1 The measurement of macroeconomic performance, covering 2.1.1 The objectives of government economic policy, 2.1.2 Macroeconomic indicators, 2.1.3 Uses of index numbers, and 2.1.4 Uses of national income data (A-level only). Each one has a worked solution and a mark scheme showing where the marks go.