Discuss the performance of the UK economy over the last two years, and compare this with the economic performance of the euro area.
Guidance on points to be researched and included:
1.Define and explain the macro-economic indicators of economic growth and inflation, and describe how each is measured.
2.Research the figures for economic growth and inflation for the UK economy from the Office for National Statistics (www.trading economics is recommended) for 2014 and 2015.
3.Obtain figures for these indicators for the euro area average for the same period.
4.Compare and contrast the figures and explain possible reasons for the differences between the statistics.
5.Discuss how government policies could influence the macro-economy in terms of economic growth and inflation.
The answers should relate to the question set, and points should be developed with analysis and evaluation.
Please try to use online references
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