You are responsible for managing the economy of an imaginary nation, a medium-sized country, for a period of seven years.

You must make monetary and fiscal policy decisions that make nation's population happyboth by maximizing real GDP growth and by keeping the unemployment rate and budget deficit as low as possible. Inflation also needs to be low, but remain positivedeflation is destabilizing to an economy.

Along the way, you will be tasked with analyzing economic growth forecasts.

Your yearly decisions:

• Interest rate
• Income tax rate
• Corporate tax rate
• Government spending

Now define what rates would you set for the next seven years in terms of these decision. And provide brief explanations for rates that you select in each year.