Question
Thailand 2017 2018 2019 2020 2021 GDP 456.36 Billion 506.75 B 544.08 B 499.68 B 505.98 B Unemployment (% of total labor force) 0.8% 0.8%
Thailand 2017 2018 2019 2020 2021 GDP 456.36 Billion 506.75 B 544.08 B 499.68 B 505.98 B Unemployment (% of total labor force) 0.8% 0.8% 0.7% 1.1% 1.47% Inflation 0.7 % 1.1 % 0.7 % -0.8 % 1.2 % trade balance (Export - Import) 56.84 B 44.77 B 50.85 B 26.59 B -1.21 B Budget deficit (% of GDP) -2.7 -2.5 -1.8 -6.1 -9.1
| Thailand | 2017 | 2018 | 2019 | 2020 | 2021 |
| GDP | 456.36 Billion | 506.75 B | 544.08 B | 499.68 B | 505.98 B |
| Unemployment (% of total labor force) | 0.8% | 0.8% | 0.7% | 1.1% | 1.47% |
| Inflation | 0.7 % | 1.1 % | 0.7 % | -0.8 % | 1.2 % |
| trade balance (Export - Import) | 56.84 B | 44.77 B | 50.85 B | 26.59 B | -1.21 B |
| Budget deficit (% of GDP) | -2.7 | -2.5 | -1.8 | -6.1 | -9.1 |
1. Why choosing trade surplus and budget deficit is macroeconomic data that you see fit to present the state of the country?
2. What type of Thailand's unemployment (cyclical, structural or frictional unemployment) ?
3. Use the AD-AS model to discuss how Australia overcame the COVID-19 pandemic from a macroeconomic point of view.
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Bank Management
Authors: Timothy W Koch, Steven Scott MacDonald, S Scott MacDonald
6th Edition
0324289278, 9780324289275
