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Gross Domestic Production (GDP)

Excluding executive summary, table of contents, appendix, reference list, etc. 1. Provide a brief introduction of the country (e.g., geographic, demographic and economic information) you have selected. 2. List out the current key national economic statistics of the country (see listed below) and briefly discuss the trends of these economic indicators over the past five years. Please evaluate what are the key factors contributing to these changes and support your argument with relevant references and examples. • Gross Domestic Production (GDP) • Consumer Price Index (CPI) • Inflation rate • Unemployment rate • Interest rate 3. Provide an explanation on the composition of the current GDP of your selected country and briefly discuss how has each GPD component changed over the past five years. Please also provide and the reasons behind these changes. Please support your argument with examples and references. • Consumption • Investment • Government expenditure • Net exports 4. Comment on the fluctuation of the CPI and inflation rate in the selected nation and briefly discuss how does that impact on the various aspects of people’s living standard (e.g., their consumption power, income level, employment status and so on). Please specify your evaluation based on the context of your select nation. 5. Imagine that you are invited to develop the fiscal policy with the reserve bank/central bank of your selected nation with the aim of stabilizing the inflation rate, reducing the unemployment rate and boosting the overall national economy. Please provide 2-3 valid advice based on your findings and the key economic statistics in your selected nation. To approach this part, you should make a valid judgement on the current economic status of your selected nation and identify the key issues emerged in the nation’s current economy. provide 2-3 suggestions in the context of this country. Your argument should be justified and supported by relevant references.