Identify

• Macroeconomic Indicators: During the simulation, you made decisions concerning government spending. Discuss the impact of your decisions on key macroeconomic indicators such as real GDP growth and unemployment. Refer to the graphs "Real GDP Growth" and "Unemployment Rate" from your simulation results to illustrate the impact.
• Interest Rates: Describe how your changes in interest rates impacted inflation and other key macroeconomic indicators used in the simulation. Refer to the "Inflation Rate" graph from your simulation results.

In my simulation, I had a low budget and high inflation. I'm not sure how they all relate and how to answer the questions about (about macroeconomic indicators and interest rates/impact on inflation). Thank you!

Table 1: Real GDP and Its Components Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Consumption 55.0 54.5 60.4 67.9 77.2 88.6 100.3 112.8 Government Expenditure 30.0 31.0 29.0 27.0 27.0 26.0 28.0 30.0 Investment 15.0 15.0 16.3 17.2 18.2 19.1 20.1 21.7 Exports 25.0 25.6 26.4 27.1 27.9 28.8 30.1 31.7 Imports 25.0 24.7 27.4 30.6 34.3 38.5 42.2 45.8 Nominal GDP 100.0 101.3 104.7 108.7 116.0 124.0 136.3 150.5 Real GDP 100.0 99.3 102.2 105.0 108.4 112.1 118.8 125.0Table 2: Other Macroeconomic Data 9 Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Capital Stock US$ (in billions) 100.0 105.0 110.8 117.0 123.4 130.1 137.2 145.1 Productivity Growth % 0.0 3.5 3.9 3.9 3.9 3.8 3.8 4.1 Consumer Price Index 100.0 102.0 102.4 103.6 106.9 110.6 114.? 120.4 Exchange Rate Index 100.0 100.0 99.8 98.9 97.7 95.5 92.3 88.8 Trade Balance US$ (in billions) 0.0 0.9 1.0 3.4 6.4 9.7 12.1 14.0 Income Tax Revenue US$ (in billions) 24.0 27.4 24.1 21.7 22.0 23.6 25.9 28.6 Corporate Tax Revenue US$ (in billions) 3.0 3.2 2.8 2.7 2.8 3.0 3.3 3.6 Government Budget Surplus (Decit) US$ (in billions) 3.0 0.4 2.1 2.5 2.2 0.5 1.2 2.2 Government Debt US$ (in billions) 60.0 60.4 62.5 65.0 67.2 66.7 65.5 63.3 Government Debt as % of GDP 60.0 59.6 59.7 59.8 58.0 53.8 48.1 42.1 Table 3: Economic Environment, Decisions, and Results 0 Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Global Economic Growth Forecast 2.4 2.4 2.8 2.0 1.6 1.0 1.3 2.0 Consumer Condence Index 100.0 100.0 102.3 99.7 99.5 99.3 99.7 101.7 Interest Rate % 3.0 3.0 2.5 2.0 2.0 2.0 2.0 2.0 Income Tax Rate % 24.0 27.0 23.0 20.0 19.0 19.0 19.0 19.0 Corporate Tax Rate % 30.0 32.0 27.0 25.0 24.0 24.0 24.0 24.0 Government Expenditure US$ (in billions} 30.0 31.0 29.0 27.0 27.0 26.0 28.0 30.0 Real GDP Growth % 2.5 0.7 2.9 2.7 3.3 3.4 6.0 5.2 Unemployment Rate % 5.0 6.3 6.1 4.8 4.6 4.3 3.2 2.5 Ination Rate % 2.0 2.0 0.4 1.2 3.3 3.6 4.1 5.7 Budget Surplus (Decit) as % of GDP 3.0 0.4 2.0 2.3 1.9 0.4 0.9 1.5