1. Economic comparison of England and the US
I will now go onto explain how one could use these to assess the likely economic performance of the US and UK between the years 2003-2006 and 2030-2040. The European Union (EU) is growing in strength year by year and over the next three to four decades it will increase its economic power. ... However inflation is on the rise: Year 2000 2001 2002 2003* Inflation (%) 2.0 2.1 2.2 2.8 (*first three quarters) If we look at the Philips curve (below) that states a higher inflation rate is accompanied by a lower unemployment rate , then we can predict that perhaps the UK unemployment will...
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- Approx Pages: 6
- Grade Level: High School