Question: Table 3: Economic Environment, Decisions, and Results This table summarises the Decisions and Results of your game. Year 0 Year 1 Year 2 Year 3

Table 3: Economic Environment, Decisions, and Results This table summarises the Decisions and Results of your game.

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 Confidence Index 100.0 100.0 102.3 149.8 102.5 96.3 99.6 102.0

Interest Rate % 3.0 3.0 3.0 3.0 3.0 3.0 3.0 3.0

Income Tax Rate % 24.0 24.0 24.0 24.0 24.0 24.0 24.0 24.0

Corporate Tax Rate % 30.0 30.0 30.0 30.0 30.0 30.0 30.0 30.0

Government Expenditure US$ (in billions) 30.0 100.0 125.0 100.0 100.0 100.0 110.0 90.0

Real GDP Growth % 2.5 99.6 9.0 -3.4 3.2 3.9 2.9 -6.7

Unemployment Rate % 5.0 2.0 2.0 4.7 7.1 4.1 4.3 8.5

Inflation Rate %2.0 2.0 6.8 5.9 1.7 -1.7 3.1 3.0

Budget Surplus (Deficit) as % of GDP -3.0 -22.1 -25.8 -14.5 -12.6 -11.7 -13.2 -7.4

Table 1.1

The table above summarizes the macroeconomic climate of Econland over my term.

[Add a two- to three-sentence summary specifying which underlying scenario you chose, as well as your overall performance and approval ratings as the chief economic policy advisor of Econland based on your simulation results.]

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Develop a model of a three-workstation serial production line with high reject rates: 7% after each workstation. Parts rejected after the f rst workstation are sent to scrap. Parts rejected after the...

which policy decisions were more successful and why? Why does the simulation provide you with a global economic outlook for each year? How does an open economy versus a closed economy impact...

1) Explain the intent of the taxation policy decisions you made of your seven-year term. What were the macroeconomic principles or models that influenced your decision making? 2) Explain the intent...

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...

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...

Introduction For the benefit of the incoming administration, I submit this report to document, analyze, and interpret the macroeconomic policy decisions I made as the chief economic policy advisor of...

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 59.1 61.6 67.3 77 108.5 114.6 119.6 Government Expenditure 30 30 30 50 20 10 10 30...

Table 3: Economic Environment, Decisions, and Results This table summarizes the Decisions and Results of your game. Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Global Economic Growth...

hope you can help Table 1: Real GDP and Table 1.1 its Components O Year Year Year Year Year Year 2 Year Table 3: Economic Environment, Decisions, and Results O Consumption 55.0 620 69.4 78.3 85.5 922...

For this assignment, you will play the first run of the Macroeconomics Simulation: Econland from Harvard Business Review, in which you will act as policy adviser for the fictional country of...

f) If a = (s) m/s 2 , where s is in meters, determine v when s = 5 m if v = 0 at s = 4 m. g) If a = 4 m/s 2 , determine s when t = 3 s if v = 2 m/s, and s = 2 m when t = 0.

Company ABC is planning to introduce a new advanced model for their Juice Maker product. The process is mainly fabrication of parts followed by assembly of the final product. The design team of the...

Solve the differential equation using power series. ( 4 x ) y ' ' 3 y ' 5 y = 0 , y ( 0 ) = 1 , y ( 0 ) = 4 Express each term of the differential equation as a power series. Shift indices, where...

Wilson Corporation uses an income statement approach to estimate credit losses. Its gross Accounts Receivable of $5,000,000 at the beginning of the period had a net realizable value of $4,925,000....

Finding the WACC Titan Mining Corporation has 8.5 million shares of common stock outstanding, 200,000 shares of 7 percent preferred stock outstanding and 85,000 8.5 percent semiannual bonds...

A quiz contains a multiple-choice question with five possible answers, only one of which is correct. Astudent plans to guess the answer because he knows absolutely nothing about the subject. a....

The weather forecaster reports that the probability of rain tomorrow is 10%. a. Which approach was used to arrive at this number? b. How do you interpret the probability?

The following information pertains to Trenton Glass Works for the year just ended. Budgeted direct labor cost: 75000 hours (practical capacity) at $16 per hour Actual direct labor cost: 80,000 hours...

Tho cost of produaing each dialysis unit is $985 on fegular time, $1.310 on overtme, and $1,600 on a subcontract lineritory caryeng cost is $100 per unit per monith. There is $ be tho begining or...

1. To provide an understanding of how emotions are regulated by the development of relationships between actors in a communication situation.

Positive effect on trusting others, and also improvements in the final results.

1. Discuss the following statements: a) Local links generate collective behaviours. b) An unfamiliar system will be described as chaotic by the ignorant. c) When we see that something is happening,...