Theme 2

Question 1

Low/middle income countries growth rate

Answer 1

possible to achieve 10%+ inflation

Question 2

High income countries growth rate

Answer 2

2.5% challenging to achieve

Question 3

0% unemployment

Answer 3

Impossible to achieve: there’ll always be frictional and seasonal unemployment

Question 4

UK government unemployment target

Answer 4

No official unemployment target- 5% is a considerable policy achievement

Question 5

1950s-1960s unemployment rate

Answer 5

Roughly 1.5% throughout era of full employment

Question 6

Past 20 years unemployment rate

Answer 6

Best figure 4.8% in 2004