Economics class: Is the IMF right about the UK economy?
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Specification:
Production, labour markets, investment, employment, government intervention
Click to read the article below and then answer the questions:
Is the IMF right about the UK economy?
Distinguish between production and productivity
With reference to chart 1, compare UK productivity with its long-term trend
Explain the accelerator theory of investment
With reference to chart 2, compare real business investment during the period shown
Distinguish between i) economically active; and ii) the economically inactive
Why has the UK lost almost 4% of its labour force since the start of the pandemic?
In a recent speech, Jeremy Hunt, the chancellor, stated that the government’s plan for growth would centre on the “four Es”: enterprise, education, employment and everywhere. If you were chancellor, what policies would you introduce to tackle each of the four Es?
Gavin Clarke, Emmanuel College
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