The performance of the UK economy.
Using appropriate national statistics and charts for 2003-2013 describe the performance of the UK economy in terms of the following economic objectives: economic growth, unemployment and inflation. Choosing one method of expansionary fiscal policy by the UK Government, explain why these objectives may be conflicting. How is the UK as a whole doing at present?
You must include:
– Diagram(s) LRAS/AD and thoroughly explain
– Real statistic
– At least 3 references from textbook
– Divided the essay into 3 big parts: UK performance, fiscal policy, UK in the present and future.
– Strong evaluation in the policy part
Suggested sources:
– OECD
– IMF
– CIA World Factbook
– ONS
– PWC
– KPMG
– The Economist
– Financial Times
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