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File Home Insert Draw Design Layout References Mailings Review View Help Table Design Layout Editing Question 3 Discuss the importance of understanding GDP growth, inflation,
File Home Insert Draw Design Layout References Mailings Review View Help Table Design Layout Editing Question 3 Discuss the importance of understanding GDP growth, inflation, and unemployment as indicators of a country's economic performance. Then evaluate the data provided below [Table 1 - Economic Indicators] on these key economic indicators and discuss which of the two countries (United Kingdom and Sweden) shows better economic performance and why. (Use approximately 400 words for this question) Table 1 - Economic Indicators United Kingdom Sweden Years GDP Rate of Rate of GDP Rate of Rate of growth inflation unemployment growth rate Inflation unemplo 2011 1.46 3.86 8.04 3.20 2.96 7.80 2012 1.47 2.57 7.88 -0.59 0.89 7.98 2013 1.89 2.29 7.52 1.19 -0.04 8.05 2014 2.99 1.45 6.11 2.66 -0.18 7.95 2015 2.62 0.37 5.30 4.49 -0.05 7.43 2016 2.26 1.01 4.81 2.07 0.98 6.99 2017 2.13 2.56 4.33 2.57 1.79 6.72 2018 1.65 2.29 4.00 1.95 1.95 6.36 2019 1.67 1.74 3.74 1.99 1.78 6.83
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