COMPLETE QUESTIONS AND ANSWERS FOR
THE FINAL PAPER 2026.
◍ Steady Economic Growth. Ans: An economy with stable or mildly
fluctuating size
◍ Price Stability. Ans: No sudden increase or decrease in the overall
price of goods
◍ Full Employment. Ans: The condition in which virtually all who
are able and willing to work are employed. The unemployment rate is
between 4% and 6%.
◍ Gross Domestic Product (GDP). Ans: A measurement of the total
goods and services produced within a country.
◍ Output Expenditure Model. Ans: Value of a country's exports
minus value of a country's imports in a given time.
◍ Unemployment Rate. Ans: Number of unemployed people in a
country divided by number of people in the labor force times 100.