WORLD VIEW Comparative Macro Performance The performance of the U.S. economy in the 2000s was better than that of most developed economies. Japan had the greatest success in restraining inflation (0.4 percent) but suffered from sluggish growth (0.7 percent). The United States grew faster and also experienced less unemployment than most European countries. Performance, U.S.Japan Germany 2000-2018 Real growth (annual average) Inflation (annual average) Unemployment הוותת 1.8 0.7 1.3 2.2 0.4 1.4 C United Kingdom 1.5 2.0 59 France Canada 1.1 1.9 1.4 1.9 N -
WORLD VIEW Comparative Macro Performance The performance of the U.S. economy in the 2000s was better than that of most developed economies. Japan had the greatest success in restraining inflation (0.4 percent) but suffered from sluggish growth (0.7 percent). The United States grew faster and also experienced less unemployment than most European countries. Performance, U.S.Japan Germany 2000-2018 Real growth (annual average) Inflation (annual average) Unemployment הוותת 1.8 0.7 1.3 2.2 0.4 1.4 C United Kingdom 1.5 2.0 59 France Canada 1.1 1.9 1.4 1.9 N -
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Transcribed Image Text:WORLD VIEW
Comparative Macro Performance
The performance of the U.S. economy in the 2000s was
better than that of most developed economies. Japan had
the greatest success in restraining inflation (0.4 percent)
but suffered from sluggish growth (0.7 percent). The
United States grew faster and also experienced less
unemployment than most European countries.
Performance,
U.S.Japan Germany
2000-2018
1.8 0.7
Real growth
(annual
average)
Inflation
(annual
average)
Unemployment
(annual
average)
Source: International Monetary Fund and OECD.
1.3
2.2 0.4 1.4
United
Kingdom
6.1 4.3 6.8
1.5
2.0
France Canada
5.9
1.1 1.9
1.4
1.9
9.2 7.1
a, Which country was best at controlling inflation?
b. Which country did the best job with providing jobs for their citizens?
Transcribed Image Text:a, Which country was best at controlling inflation?
b. Which country did the best job with providing jobs for their citizens?
c. Which country had the worst misery index?
d. Which country had the fastest growth?
e. Which country had the slowest growth
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