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Country Subject Descriptor Units Scale 2017 2018 2019 2020 2021 Mexico Gross domestic product, constant prices National currency Billions 18,122.26 18,520.04 18,485.61 16,975.83 17,790.19 Mexico

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Country Subject Descriptor Units Scale 2017 2018 2019 2020 2021
Mexico Gross domestic product, constant prices National currency Billions 18,122.26 18,520.04 18,485.61 16,975.83 17,790.19
Mexico Inflation, average consumer prices Index 95.571 100.251 103.894 107.425 113.54
Mexico Volume of imports of goods and services Percent change 6.36 6.43 -0.728 -13.735 13.666
Mexico Unemployment rate Percent of total labor force 3.423 3.32 3.491 4.409 4.143
Mexico General government revenue National currency Billions 5,405.11 5,519.81 5,777.27 5,658.64 6,122.60
1. Identify one macroeconomic problem that you think is the most pressing (i.e., low growth, high inflation, a large deficit, etc) for the country of your choice. 2. [5 points] Suggest fiscal or monetary policies that can address this problem. Use the IS/LM/FE and/or the AD/AS models to derive the short-run and long-run effects of these policies on the identified problem and on the rest of the macroeconomy

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