Readers Question: Discuss the likely economic impact on absolute and relative poverty of China’s rapid economic growth? It is an interesting question because even the Chinese government have been concerned that China’s rapid economic growth has not helped large sections of the population, especially in the north. Absolute poverty is defined as the minimum level …
Readers Question ‘Evaluate two policies which the government might adopt to reduce the male inactivity rate’ Main Reasons for Inactivity in Labour Market Inactivity rates imply that people have left the labour market and are not able or are unwilling to seek employment. According to the ONS, inactivity rates can be caused by: Being a …
It is easy to forget, but, only 5 years ago people were talking about the Euro as if it was doomed to fail. 1 Euro got you 86 cents. 5 years later and 1 Euro is worth $1.48 and people are suggesting the Euro is set to be the next global reserve currency. The Euro’s …
Despite a slowdown in retail sales during March (Sales fell 0.4% in the month) UK CPI inflation increased to 3%. Retail Price Index RPI (which includes more items) increased to 4.2%. This is at the upper limit of the Government’s inflation target. It is the highest UK inflation rate for quite a while. Last month, …
Readers Question: Assess the view that supply-side reforms have enabled the UK economy to be ‘more successful in maintaining growth, despite an appreciation in the value of its currency’ (Extract 1, lines 5-6}. (From Edexcel unit 3) An appreciation in the exchange rate would tend to reduce aggregate demand and lead to lower economic growth. …
The economic performance of a UK Construction PLC will be affected by many factors, including the role of government, exchange rates and inflation. Discuss The construction industry tends to be a quite volatile sector of the economy. Investment spending in construction has a strong correlation to the rate of economic growth and future prospects. When …
Readers Question. Explain the benefits of increasing the rate of unemployment benefit for 1. the unemployed, 2. society. Identify and costs that may result from such a policy. Benefits of increasing unemployment benefits Provides more income, reducing relative poverty and improving living standards. Gives them support in finding the best job. If benefits are low, …
I took out a student loan 13 years ago in 1995. I remember taking out the maximum possible loan, which in those days was about £3,800 over 3 years. Being an economist, I didn’t spend any of the loan but put it in a bank account and benefit from receiving a higher interest rate than …