(a)[6]
- Identify two economic policies that the Uruguayan government has introduced and that should raise economic growth. [2]
- Explain how these policies ought to raise Uruguay’s economic growth. [4]
(b)[6]
The information says that Uruguay has a national minimum wage. Using a diagram, discuss the likely effects of the introduction of a national minimum wage on labour markets.
(c)[8]
Using Figs. 1.1 to 1.4, comment on the macroeconomic performance shown by Uruguay.