Question

What other economic outcomes (besides GDP, unemployment, inflation and budget surplus) are important measures of macroeconomic success? What policy decisions are make to achieve these goals (these may be different that the four given - interest rates, income tax rates, corporate tax rates and government spending)?

Answer 1

The Other economic outcomes other than GDP and Employment inflation and budget surplus in the success of macroeconomics are as follows.
The policy of balance of payment
The policy of balance of trade
The policy of foreign exchange rate
The policy of money multiplier and credit creation
The policy of money supply measures in the economy
The various policy decisions which are helpful in the achievement of these goals are the balance of payment can be easily achieved with the help of the autonomous and accommodating transactions especially in the case of accommodating transactions which is handled by the government in the settlement of balance of payment and balance of trade account.
The current account and the capital account deficits are also very important in the establishment and the settlement of proper policies in the macro economy.

• The money supply measures which are specially handled by the central bank of the country are helpful in the control of price instability in the economy and it is also very helpful in the case of monetary measures and the fiscal measures for the establishment of a strong financial base in the economy.