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Which phrase best completes the diagram?

Macroeconomic Goals for a Society

- ?
- Stable prices
- Full employment

Options:
A. Increased inflation
B. Economic growth
C. Per capita GDP
D. Decreased production

Answer :

The answer is b economic growth.

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Rewritten by : Barada

The macroeconomic goals for a society are typically to achieve both stable prices and full employment. As such, option D is not a suitable completion for the diagram.

Which Macroeconomic Goals for a Society ?

Stable prices refer to a stable rate of inflation, where prices for goods and services remain relatively consistent over time. Full employment, on the other hand, refers to a situation where all individuals who are willing and able to work are employed.

In addition to stable prices and full employment, there are other important macroeconomic goals for a society. One of these goals is economic growth, which refers to an increase in the total output of goods and services in an economy over time. Economic growth is typically measured by changes in Gross Domestic Product (GDP).

Another important macroeconomic goal is per capita GDP, which refers to the total output of goods and services in an economy divided by the number of people living in that economy. Per capita GDP is a measure of the average standard of living in a society, and is often used to compare living standards across different countries.

Decreased production, on the other hand, is not a macroeconomic goal for a society. It is a negative outcome that can result from factors such as decreased demand for goods and services, supply chain disruptions, or natural disasters.

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