For a country, we have given the following figures for different variables for the year 2016 and 2016, respectively

year 2020. All national accounts figures are expressed in NOK billion.

2016 2020

Net national product

Nominal GDP

Private consumption

Public consumption

The GDP deflator

Profit on the operating accounts abroad

Exports

Property income, salaries and current transfers from abroad, net

Labor force

Number of employees

6800

8000

2500

3500

100

200

300

- 10

2800000

2620000

7100

8500

2800

3800

104

250

350

20

2850000

2610000

b) During the period, the country's authorities have had a stated target of economic growth of 8 per

cent. Suggest an appropriate goal for economic growth based on the information available in the

thesis. Discuss how well the authorities have succeeded in achieving the goal.

c) Discuss possible goal conflicts that may arise in economic policy as a result of theauthorities' focus on high economic growth.