Provide an overview of the chosen economy Production output performance analysis ? Real GDP, Real GDP growth rate, Real GDP per capita analysis ? Define and explain how each indicator above measures performance of the economy

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Provide an overview of the chosen economy
Production output performance analysis
? Real GDP, Real GDP growth rate, Real GDP per capita analysis
? Define and explain how each indicator above measures performance of the
economy
? Describe and explain performance trends of the economy
? Research and explain Government’s measures adopted to achieve the
production output performance
Labour market analysis
? Describe unemployment trends based on unemployment rates
? Define unemployment and describe the typical types of unemployment in an
economy

 

 The strength of a country’s economy can be determined through careful examination of macroeconomic indicators such as real GDP, real GDP growth rate, real GDP per capita, unemployment rate and inflation rate. In your essay, analyse the economic performance of ONE (1) country, over the last decade (from 2005 to 2014), using data on the macroeconomic indicators; argue whether you think the performance is strong or weak. Your analysis should include an in-depth discussion on the performance of the economy and provide explanations for economic results as revealed by the macroeconomic indicators; where appropriate, you should also explain how the policies of the government aim to achieve full employment, stable price and/or economic growth. Support your evaluation with researched evidence.
Instruction:

Sections
Introduction
? Provide an overview of the chosen economy
Production output performance analysis
? Real GDP, Real GDP growth rate, Real GDP per capita analysis
? Define and explain how each indicator above measures performance of the
economy
? Describe and explain performance trends of the economy
? Research and explain Government’s measures adopted to achieve the
production output performance
Labour market analysis
? Describe unemployment trends based on unemployment rates
? Define unemployment and describe the typical types of unemployment in an
economy
? Research and identify the types of unemployment in the chosen economy
? Research and explain Government’s measures adopted to achieve full
employment
Price level analysis
? Describe the inflation trend based on inflation rate
? Define inflation and describe the typical causes of inflation
? Research and identify the cause(s) of inflation in the chosen economy
? Research and explain Government’s measures to achieve stable price
Conclusion
Summary of key highlights of the discussion

APA system of referencing.

 

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