How we can determine the macroeconomic performance, Macroeconomics

Assignment Help:

Macroeconomic performance

The UK's future macroeconomic performance must be judged on how average living standards improve, inflation is kept under control, economy grows and unemployment falls, and the extent to which in the long run current account of the balance of payments moves in the direction of equilibrium.

The large budget deficits run up by eurozone economies in recent years are a main concern for UK's future macroeconomic performance. As Extract A indicates all eurozone nations have run budget deficits since 2007 and those of Ireland, Portugal, Greece, Italy and Spain are especially worrying. Massive budget deficits in 2009 of Greece, Portugal and Italy have added to national debts which now exceed 100% of GDP. Moreover Spain has a youth unemployment rate close to 50% that suggests poor economic performance in the future and France had its credit rating downgraded at the beginning of 2012 due to fears about its ability to repay its debts. The inability of these eurozone nations to service their debts is what Extract C refers to as 'sovereign debt problem.

 


Related Discussions:- How we can determine the macroeconomic performance

Last deposit if your saving account, You make a monthly deposit of $1,000 i...

You make a monthly deposit of $1,000 into a saving account for the next 10 years. How much can you withdraw immediately after your last deposit if your saving account pays 6% per y

Equilibrium quantity of widgets, Use the model in the tax incidence applica...

Use the model in the tax incidence application to determine the effect of a given change in the tax on widget, change in T, on the equilibrium quantity of widgets. How does your an

Sears rates its salespersons, Sears rates its salespersons according to the...

Sears rates its salespersons according to their sales ability and their potential for advancement. They sampled 500 salespeople with following data: Potential for Advancement Fair

How central bank increases the target rate, How central bank increases the ...

How central bank increases the target rate Let's say that the central bank increases the target rate. When the target rate increases, the central bank needs to raise the overni

What is the real interest rate, The real interest rate Interest rates ...

The real interest rate Interest rates and inflation Suppose you have 1 million on 1st January 2008. A basket of goods and services similar to the CPI basket costs 100,000.

INFLATION-UNEEMPLOYMENT TRADE-OFF UNDER ADAPTIVE EEX, Explain how inflation...

Explain how inflation unemployment trade-off is not feasible under adaptive expectation.MEC002

Little evidence to support a direct causation, As it turns out, there is li...

As it turns out, there is little evidence to support a direct causation between income and children. (If I am poor, then I will decide to have a lot of children? Alternatively: I h

AD, in the keynesian cross assume that the consumption function is given by...

in the keynesian cross assume that the consumption function is given by c=200+0.75(y-t). given planned investment is 100, government purchases and taxes are both 100. then what i

How not to justify say''s law, At first, Say's Law may seem 'obvious'. Thou...

At first, Say's Law may seem 'obvious'. Though, it's not - actually, it's highly controversial. The reason it may seem obvious is that you have perhaps learned from microeconomics

frame work, Hello sir, madam... I am hassan PHD student. I''m lost to get...

Hello sir, madam... I am hassan PHD student. I''m lost to get a good frame work of my thesis about e government and economic growth. and I need to know how to measure the variable

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