Question

The objective is to deepen your understanding of macroeconomic issues in the Pacific Island Economies. The requires you to undertake research, collect relevant data, examine pattern, and identify reasons for the observed pattern.

Undertake a succinct analysis of one macroeconomic issue/topic from the ones given below for one of the major Pacific Island Economies (Fiji, Tonga, Samoa, Solomon Islands, Vanuatu, and Papua New Guinea) for the period (2004-2018). You are free to choose a country of your interest. Pick one of the macroeconomic topics from below:

Economic growth

Inflation

Unemployment

You are required to:

a) Show and discuss the trend.

b) Justify the trend with reference to different policies and events.

c) Briefly discuss at least three policy measures that can be implemented to address the issue. The policy measures need to make sense in context of the selected country.