Question 3

Suppose you work as an economic analyst in a large research organisation. Unemployment is a key statistic that both government and large investors closely follow to determine how best to implement future economic policies and investment decisions.

Graphs:

FRED - Harmonized Unemployment Rate: Total: All Persons for the European Union 12 11 10 Percent T 6 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 Source: Organization for Economic Co-operation and Development fred.stlouisfed.orgFRED - Real Gross Domestic Product for European Union (28 countries) 3,800,000 3,700,000 3,600,000 3,500,000 3,400,000 3,300,000 Millions of Chained 2010 Euros 3,200,000 3,100,000 3,000,000 2,900,000 2,800,000 2,700,000 2000 2002 2004 2006 2010 2012 2014 2016 2018 Source: Eurostat fred.stlouisfed.org