Governments Various Macroeconomic Objectives and Their Importance to UK Economy - Assignment ExampleThe growth could be affected by external or internal factors to form variations in spending that either exceed or support the production of an economy. From such, the downturn and peaks in economies may be exhibited over time. The UK government has opted to promote economic growth with reasonable measures to prevent future negative effects. In the UK, economic growth is a crucial factor that determines the availability of funds for public expenditure, minimising tax burdens, and servicing government debt (The long game, n.d.). For most governments, economic growth comes with the creation of new jobs as more investments are made, which provide employment opportunities, contribute to the growth of domestic product, and support in eradicating poverty levels. At a higher level, the nation associated with the growth achieves more respect in the world community and increases its ability to solve its internal economic problems, support its citizens and maintain its pride as a nation.
