7 Goals of US Economy
the goal that means there is no drastic change in price
price stability
what could be a hypothetical example of full employment
all graduates of high school or college enter the work force
is the current us economy meeting economic equity
no, in 2020 women were making 84% of what men were making, this is better than it has been in previous decades, but it is still not completely equal
which if the seven goals are being met and maintained by the US economy
economic growth, economic security, and economic freedom
which of the seven goals of the US economy ensures that there is a common/ same rate for everyone
economic equity
the goal means those that are old enough and able to do work have a job
full employment
what is a hypothetical example of economic freedom
I go to the store and spend money I earned on clothes for a party
is the current US ecconomy meeting economic growth
yes, the economy is still growing throughout the year. during the second quarter of this year the gross domestic product increased by 6.7% from the first quarter, and the third quarter increased by 2.1% from the second quater
how could economic equity be met
economic equity could be met by paying men and women the same amount of money for a job that they are both equally qualified for
what is a hypothetical example of price stability
gas is $3.01 a gallon today and tomorrow its $2.98
the goal that protects consumers
economic security
what is a hypothetical example of economic equity
the government requires all services to be licensed, this allows for all professions/workers to be capable at the same rate
is the US economy currently meeting economic security
yes, economic security is a form of national security. the US is currently providing cybersecurity tools, correct weather information, and a first-responder network that protects both people and their property
https://www.commerce.gov/about/strategic-plan/strengthen-us-economic-and-national-security
how could full employment be met in the Us economy
full employment could be met by increasing employee wages and hiring directly from you own community
what is a hypothetical example of efficiency
recycling water bottles and turning that into a recycle bin
the goal that allows all people to spend their money on what they want
economic freedom
what is a hypothetical example of economic growth
companies produce more hairbrushes and hair cutting scissors because more hair salons are opening
is the current Us economy meeting full employment
no, as of October there was approximately 4.6% of the US population that was unmeployed
https://www.statista.com/statistics/273909/seasonally-adjusted-monthly-unemployment-rate-in-the-us/
how could the US economy ensure price stability
one way could be to promote monetary policy, this is a policy that adjusts a bank's interest rates on loans to/for consumers or businesses
is the US ecomomy currently meeting price stability
no, the US economy is currently unstable and consumer prices have risen, the current inflation rate in October was 6.2%
the two goals that increase the output and make it better, promote the most output for input
efficiency and economic growth
what would be a hypothetical example of economic security
having a stable income by going to work everyday and performing well
is the US economy currently meeting economic freedom
yes, the US economy and government have laws set that protect personal choice of people, voluntary exchange, and competition in markets
how could the US economy be more efficient
we should protect our natural resources, like using new ways of consuming water through saving technologies, an example could be using storm water as service water
is the US economy currently efficient
no, according to a study done in 2018, each person wastes about 4.9 pounds of municiple solid waste everyday in America