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Having some trouble trying to explain this question. Evaluate how consumer confidence might have impacted the outcomes of your policy decisions for the economy of
Having some trouble trying to explain this question.
Evaluate how consumer confidence might have impacted the outcomes of your policy decisions for the economy of Econland. Why is consumer confidence a relevant factor for making informed macroeconomic decisions?
Year 0 | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | |
Consumption | 55 | 47.1 | 71.8 | 79.1 | 99.7 | 129.1 | 159.7 | 194.3 |
Government Expenditure | 30 | 15 | 3.5 | 3 | 1 | 1 | 1 | 1 |
Investment | 15 | 15.2 | 17.7 | 17.2 | 21.3 | 24 | 27.5 | 32.2 |
Exports | 25 | 25.6 | 26.1 | 27.4 | 28.5 | 30.2 | 32.3 | 34.7 |
Imports | 25 | 21.4 | 33 | 35.2 | 42.8 | 52 | 60.1 | 68.8 |
Nominal GDP | 100 | 81.5 | 86.1 | 91.4 | 107.8 | 132.3 | 160.4 | 193.5 |
Real GDP | 100 | 79.9 | 95.3 | 102 | 110.8 | 125.1 | 140.4 | 159.1 |
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