Determine the rate of economic growth , Macroeconomics

Assignment Help:

Determine the rate of economic growth in UK

With regard to economic growth, a good starting point for evaluation and analysis is the fact that rate of economic growth in UK has been very low while growth rates in many EMEs have been much higher. For UK and before onset of recession in 2008, trend rate of growth was estimated to be around 2.5% per year. Many forecasters have now downgraded this to below 2% per year. The downgrade reflects both cyclical factors (collapse of aggregate demand in UK associated with recession and possibility of Britain having entered a 'lost decade' of near zero growth) and structural factors one of that is de-industrialization. By contrast, among the BRICs China's trend growth rate is around 8-9% per year and India's rate is above 6% per year.

 


Related Discussions:- Determine the rate of economic growth

What causes economic growth, What causes economic growth? Causes of ec...

What causes economic growth? Causes of economic growth: Into the Solow model, economic growth is based onto the quantity and quality of technology and resources. Growth

Graph, Maximum profits will occur at the output level where is the greatest...

Maximum profits will occur at the output level where is the greatest vertical distance between Total Revenue(TR) AND Total Cost(TC. uSE THE TOTAL REVENUE-TOTAL COST CURVES TO Illus

Set up a diagram.., (a) Use this information to set up a diagram showing th...

(a) Use this information to set up a diagram showing the firm''s total revenue and total cost schedules. In this diagram, show the points at which the firm is maximizing profits.

International trade and Economic growth, If real GDP was $13.1 trillion in ...

If real GDP was $13.1 trillion in 2013 and $13.3 in 2014, what is the growth rate? (b) How many years would it take for GDP (gross domestic product) to double (using your answer fr

Compute the gain and directivity of the antenna, An antenna in free-space d...

An antenna in free-space driven by current Io radiates far-field E as: for 0 ≤ Φ ≤ π, here C = constant = 0 everywhere else a) Compute the power density, b) Compute t

Characteristics of endogenous growth theory, Q. Characteristics of endogeno...

Q. Characteristics of endogenous growth theory? There are many different explanations for technological progress. Most of them, though, have many common characteristics:

Major union wage settlement, Show the effects on the price level and real G...

Show the effects on the price level and real GDP of a major union wage settlement that significantly increases wages. Is this a supply shock, a demand shock, or both?

EXCHANGE RATES, WHAT IS THE BEST EXCHANGE RATE TYPE

WHAT IS THE BEST EXCHANGE RATE TYPE

National income, working of static and dynamic multiplier in consumption fu...

working of static and dynamic multiplier in consumption function

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd