(a)[3]
Does the information about the size of the economy (GDP) by itself allow you to conclude that the average person in Italy is better off than the average person in Ireland? Give a brief explanation.
(b)[7]
- The economic growth rates shown are negative. Explain what economic theory suggests could happen to unemployment in an economy if the growth rate is negative. [4]
- What evidence is there in the information about whether there is any connection between economic growth rates and unemployment? [3]
(c)[4]
In 2010 there was considerable worry that Greece's economic position was weak compared with the other European countries shown. How far can the data be used as evidence to support that concern?
(d)[6]
Discuss the possible effects on economic growth and unemployment in the Spanish economy of the policies proposed by the Spanish Government.