Task
Write a report answering the following 4 questions. Use your word count to reflect the marks available.
1. Discuss and evaluate how the USA’s macro economy has evolved over the last 10 years (Year 2006 – Year 2016). Use any five macroeconomics indicators to assess the USA economy over this 10 year period. (25 Marks)
2. China is known to be one of the fastest growing economies. Discuss and evaluate how China’s macro economy has evolved over the last 10 years (Year 2006 – Year 2016). Use the five macroeconomics indicators (used in question 1) to assess China’s economy over this 10 year period. (25 Marks)
3. Compare and contrast the macroeconomic growth of USA and China. You are required to give proper economic reasoning using the five indicators discussed above. (20 Marks)
4. Based upon the research and analysis of the US and Chinese economies discuss how these economies are expected to change over the next five years. Give proper economic reasoning for your forecast. Also as an economist, explain the policy recommendations (focusing on both monetary and fiscal policy) you would give to the policy makers of each country to help improve its overall macroeconomic situation. (20 Marks)
