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. Macroeconomic Indicators: During the simulation, you made decisions concerning government spending. Discuss the impact of your decisions on key macroeconomic indicators such as real
. Macroeconomic Indicators: During the simulation, you made decisions concerning government spending. Discuss the impact of your decisions on key macroeconomic indicators such as real GDP growth and unemployment Refer to the graphs "Real GDP Growth\" and "Unemployment Rate\" from your simulation results to illustrate the impact. . Interest Rates: Describe how your changes in interest rates impacted ination and other key macroeconomic indicators used in the simulation. Refer to the "Ination Rate" graph from your simulation results. Year 7 Results Table 1: Real GDP and Its Components 0 Consumption Government Expenditure investment Exports imports Nominal GDP Real GDP Year [I 55.0 30.0 15.0 25.0 25.0 100.0 100.0 Year 1 59.1 33.0 14.9 25.5 27.0 105.4 103.9 Year 2 58.9 34.0 15.2 28.2 26.9 107.4 103.9 Year 3 579 340 155 268 264 107 8 103 9 Year 4 52.0 35.0 14.3 27.0 23.8 104.5 103.2 Year 5 38.5 40.0 12.9 26.9 17.9 100.2 102.4 Year 6 18.7 40.0 11.4 26.2 9.0 87.3 92.7 Year 7 11.8 38.0 11.1 25.0 6.1 79.8 93.0 Table 2: Other Macroeconomic Data O Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Capital Stock US$ (in billions) 100.0 104.9 109.6 114.1 117.0 118.1 117.7 117.1 Productivity Growth % 0.0 3.4 3.2 2.9 1.7 0.7 -0.3 -0.4 Consumer Price Index 100.0 101.5 103.4 103.8 101.3 97.9 94.1 85.8 Exchange Rate Index 100.0 100.5 100.4 100.2 100.8 102.6 106.1 113.0 Trade Balance US$ (in billions) 0.0 -1.5 -0.7 0.4 3.2 8.9 17.2 18.9 Income Tax Revenue US$ (in billions) 24.0 26.4 29.0 30.2 31.3 34.1 34.0 24.7 Corporate Tax Revenue US$ (in billions) 3.0 3.4 3.4 3.5 3.6 3.4 3.0 2.4 Government Budget Surplus (Deficit) US$ (in billions) -3.0 -3.3 -1.6 -0.4 -0.1 -2.5 -3.0 -10.9 Government Debt US$ (in billions) 60.0 63.3 64.8 65.2 65.3 67.8 70.8 81.7 Government Debt as % of GDP 60.0 60.0 60.3 60.4 62.5 67.6 81.1 102.3Table 3: Economic Environment, Decisions, and Results Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Global Economic Growth Forecast 2.4 2.4 2.8 2.0 1.6 1.0 1.3 2.0 Consumer Confidence Index 100.0 100.0 102.3 101.9 98.0 98.0 97.6 99.6 Interest Rate % 3.0 3.5 4.0 4.0 4.5 5.0 5.0 4.0 Income Tax Rate % 24.0 25.0 27.0 28.0 30.0 34.0 39.0 31.0 Corporate Tax Rate % 30.0 32.0 32.0 32.0 34.0 34.0 34.0 30.0 Government Expenditure US$ (in billions) 30.0 33.0 34.0 34.0 35.0 40.0 40.0 38.0 Real GDP Growth % 2.5 3.9 0.0 0.0 -0.7 -0.7 -9.4 0.3 Unemployment Rate % 5.0 4.5 5.5 7.0 7.3 7.6 11.1 10.7 Inflation Rate % 2.0 1.5 1.9 0.3 -2.5 -3.4 -3.8 8.3 Budget Surplus (Deficit) as % of GDP -3.0 -3.1 -1.4 -0.3 -0.1 -2.5 -3.4 -13.6
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