Introduction• Provide an overview of the chosen economyProduction output performance analysis• Define and explain how real GDP measures performance of the economy• Describe and explain production trend based on the real GDP statistics of the last tenyears• Research and explain the Government’s measures adopted to increase the productionoutput of the economy.Labour market analysis• Define unemployment and describe the typical types of unemployment in an economy• Describe and explain unemployment trends based on the unemployment rate statistics ofthe last ten years• Research and identify the types of unemployment in the economy• Research and explain Government’s measures adopted to achieve full employmentPrice level analysis• Define inflation and describe the typical causes of inflation• Describe and explain the inflation trend based on the inflation rate statistics of the last tenyears• Research and identify the cause(s) of inflation in the economy• Research and explain Government’s measures to achieve stable priceConclusion• Summary of key highlights of the discussionECONOMICS I• Define inflation and describe the typical causes of inflation• Describe and explain the inflation trend based on the inflation rate statistics of the last tenyears• Research and identify the cause(s) of inflation in the economy• Research and explain Government’s measures to achieve stable priceRemarkAssignment BriefThe strength of a country’s economy can be determined through careful examination of macroeconomic indicators. Working individually, conduct research on the economic performance of ONE (1) country over the last ten years. In your essay, analyse the economic performance of the economy over the last decade, from 2008 to 2018 using the macroeconomic indicators of real GDP, unemployment rate and inflation rate. Discuss whether you think the economic performance was strong or weak.You should also research and provide explanations for the high unemployment rate, high inflation/deflation rate and the growth or decline of the economy during this period. Where appropriate, you should also identify and explain how the policies adopted by the government have served to achieve full employment, stable price and economic growth.Your analysis should include an in-depth discussion on the overall performance of the economy in the last decade and you should support your evaluation with researched evidence.More marks will be awarded for reports which provide more detailed discussion and in-depth analysis. The essay shall be about 2,000 words (+/- 10%).
