One of the economic aims of the Irish Government at present is to reduce Government Current Spending - Leaving Cert Economics - Question 8 - 2014
Question 8
One of the economic aims of the Irish Government at present is to reduce Government Current Spending.
State three other economic aims of the Government.
(i)
(ii)... show full transcript
Worked Solution & Example Answer:One of the economic aims of the Irish Government at present is to reduce Government Current Spending - Leaving Cert Economics - Question 8 - 2014
Sign up now to view full answer, or log in if you already have an account!
Answer
One major aim of the Irish Government is to increase employment and decrease unemployment rates. This can be achieved through attracting Foreign Direct Investment (FDI) from Multinational Corporations (MNCs), which can help create jobs and stimulate the economy.
Step 2
(ii) Keep price inflation down - limit price increases
99%
104 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
Another aim is to keep price inflation in check. By limiting price increases, the government can maintain the purchasing power of consumers, contributing to overall economic stability and confidence.
Step 3
(iii) Achieve economic growth
96%
101 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
Additionally, the government aims to achieve sustained economic growth. This involves implementing policies that can stimulate investment, innovation, and productivity, thereby enhancing the overall output of the economy.
Join the Leaving Cert students using SimpleStudy...
