(a)[3]
Does this information on the size of the economy (GDP) let you conclude that the average person in Italy is better off than the average person in Ireland? Briefly explain your answer.
(b)
- The economic growth rates are shown to be negative. Explain what economic theory suggests may happen to unemployment in an economy if the growth rate figure is negative. [4]
- What evidence is shown in the information about whether there is any link between the economic growth rates and unemployment? [3]
(c)[4]
In 2010 there was much concern that Greece's economic situation was weaker than the situations in the other European countries shown. How far can the data be used as evidence to support that concern?
(d)[6]
Discuss the likely effects on economic growth and unemployment in the Spanish economy of the policies suggested by the Spanish Government.