INDICATORPopulation(million)GDP percapita (USD)GDP (USD bn)EconomicGrowth (GDP,annualvariation in %)201420152016201720181.41.41.41.41.420,36118,48416,41416,52417,37027.625.122.422.623.9-1.01.8-6.3-2.3-0.2Unemployment| 3.3Rate3.44.04.84.9Fiscal Balance-2.6-1.7-5.3-8.9-3.6(% of GDP)Public Debt (% | 45.2of GDP)48.059.162.961.6Inflation Rate5.74.73.11.91.0(CPI, annualvariation in %)ExchangeRate (vs USD,aop)Exports (USDbillion)Imports (USDbillion)InternationalReserves(USD)6.396.366.636.746.7515.011.48.39.410.57.97.57.16.56.711.510.09.58.58.1I. Distinguish between National Debt and Public Debt as a percentage of GDP?ii. Assess the relationship between the country's public debt and its fiscalbalance between the years 2016 and 2017.iii. Discuss two policy recommendations that the authorities can use to rectifythe fiscal balance.

i. The public obligation is how much a nation owes to foreign lenders (be it a country or the World…

INDICATOR Population (million) GDP per capita (USD) GDP (USD bn) Economic 2014 2015 2016 2017 2018 1.4 1.4 1.4 1.4 1.4 20,361 18,484 16,414 16,524 17,370 27.6 25.1 22.4 22.6 23.9 -1.0 1.8 -6.3 -2.3 -0.2 Growth (GDP, annual variation in %) Unemployment| 3.3 Rate 3.4 4.0 4.8 4.9 Fiscal Balance -2.6 -1.7 -5.3 -8.9 -3.6 (% of GDP) Public Debt (% | 45.2 of GDP) 48.0 59.1 62.9 61.6 Inflation Rate 5.7 4.7 3.1 1.9 1.0 (CPI, annual variation in %) Exchange Rate (vs USD, aop) Exports (USD billion) Imports (USD billion) 6.39 6.36 6.63 6.74 6.75 15.0 11.4 8.3 9.4 10.5 7.9 7.5 7.1 6.5 6.7 International 11.5 10.0 9.5 8.5 8.1 Reserves (USD) I. Distinguish between National Debt and Public Debt as a percentage of GDP? ii. Assess the relationship between the country's public debt and its fiscal balance between the years 2016 and 2017. iii. Discuss two policy recommendations that the authorities can use to rectify the fiscal balance.

INDICATOR Population (million) GDP per capita (USD) GDP (USD bn) Economic 2014 2015 2016 2017 2018 1.4 1.4 1.4 1.4 1.4 20,361 18,484 16,414 16,524 17,370 27.6 25.1 22.4 22.6 23.9 -1.0 1.8 -6.3 -2.3 -0.2 Growth (GDP, annual variation in %) Unemployment| 3.3 Rate 3.4 4.0 4.8 4.9 Fiscal Balance -2.6 -1.7 -5.3 -8.9 -3.6 (% of GDP) Public Debt (% | 45.2 of GDP) 48.0 59.1 62.9 61.6 Inflation Rate 5.7 4.7 3.1 1.9 1.0 (CPI, annual variation in %) Exchange Rate (vs USD, aop) Exports (USD billion) Imports (USD billion) 6.39 6.36 6.63 6.74 6.75 15.0 11.4 8.3 9.4 10.5 7.9 7.5 7.1 6.5 6.7 International 11.5 10.0 9.5 8.5 8.1 Reserves (USD) I. Distinguish between National Debt and Public Debt as a percentage of GDP? ii. Assess the relationship between the country's public debt and its fiscal balance between the years 2016 and 2017. iii. Discuss two policy recommendations that the authorities can use to rectify the fiscal balance.

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter15: Gross Domestic Product

Section: Chapter Questions

Problem 1SQ

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