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2 questions on The Objectives of Government Economic Policy (AQA specification 2.1.1) from the A-Level Economics papers, 2017–2020. Every question links to the official mark scheme at the page its answer begins on.
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To what extent do you agree that reducing the budget deficit is more important to the UK’s macroeconomic performance than reducing the current account deficit on its balance of payments? Justify your answer.
Explain how the data in Extract D (Figure 4) show that Japan has been less successful than the UK in achieving a stable rate of economic growth.
2.3.3 Inflation and Deflation · 2.1.1 Objectives of Government Policy
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