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Which macroeconomic indicators can be improved to reduce the current government budget deficit?
Which macroeconomic indicators can be improved to reduce the current government budget deficit?
Expert Solution
The different macroeconomic indicators, including reducing unemployment, reducing inflationary pressure, low level of government borrowing, etc can be defined as an improved macroeconomic indicator, which can also reduce the burden of current government budget deficit.
All these macroeconomic indicators are actually the macroeconomic objectives of the government and the economy initiated to achieve a sustainable level of growth and satisfactory 'Balance of payments' mainly to avoid large deficits.
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