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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

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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.

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

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2016 2020 Net national product 6800 7100 Nominal GDP 8000 8500 Private consumption 2500 2800 Public consumption 3500 3800 The GDP deflator 100 104 Profit on the operating accounts abroad 200 250 Exports 300 350 Property income, salaries and current transfers from abroad, net - 10 20 Labor force 2800000 2850000 Number of employees 2620000 2610000

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