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Macro-economic environment (Government policies (Types of tax ((regressive…
Macro-economic environment
Objectives of Macro-policies
Economic growth
Types:Actual/Potential
Factors affect the economy;The multiplier in the national economy/Aggregate supply and demand
Factors affect economic growth
External trade
Technological progress
Neutral
Labor saving
Capital saving
Natural resources
Measure:GDP/GNP/Targets and indicators(Leading/coincident/lagging)/National income/Business cycle
Appraisals of economic growth
A higher income per head/Higher levels of consumption and living/More welfare services
Faster usage of natural resources/Increasing pollution/Increasing structural unemployment/in the short run.a cut in consumption
Government policies
circular flow of economy
Fiscal policy:taxation/public spending/public bprrpwing
Fiscal policy:PSNCR/PSBR/PSDR
Types of tax
regressive taxes
progressive taxes
proportional taxes
Direct taxes:income taxes/capital gain taxes/inheritance taxes
Indirect taxes:specific tax/AD valorem tax
Monetary policy
Interest rates
exchange rates
Monetary policy
credit control