Objectives of Macroeconomics

What are the objectives of Macroeconomics?

• In order to meet goals such as equity, economic well-being and sustainability, there are numerous goals that countries aim to achieve.
• Macroeconomics is the school of thought through which countries plan and analyze how these goals are achieved.

Economic Growth

• Economic growth is measured using Real GDP which accounts for inflation.
  

Low Unemployment Rate

• Unemployment means one of the factors of production, labor, is not being used efficiently.
  

Low and Stable Inflation

• Inflation rate is the increase in the price of products.
• High inflation is not wanted, but low inflation is ideal in order to avoid deflation, which is very dangerous for an economy.
  

Sustainable Debt

• Government expenditure is sometimes more than government revenue.
• Debts are taken to pay for the deficit.
  

Equity

• Participation of minority groups.
• Equal and fair opportunities.
  

Income Distribution

• A fair difference between high and low income.
• Wealth is distributed equally within a country, avoiding poverty.