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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.
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.
