ECOLAND SIMULATION GAME SCENARIO For the benefit of the incoming administration, I submit this report to document, analyze, and interpret the macroeconomic policy decisions I made as the chief economic policy advisor of Econland. The purpose of this document is to further our national prosperity by deepening our understanding of the relationship between macroeconomic policies and their consequences for our citizens. The report includes a thorough accounting of the major fiscal and monetary policy decisions made over each of the seven years of my term, as well as an explanation of the underlying rationales for those decisions and the resulting impacts of those policies. QUESTION: Add a two- to three-sentence summary specifying which underlying scenario you chose, as well as your overall performance and approval ratings as the chief economic policy advisor of Econland based on your simulation results.
ECOLAND SIMULATION GAME
SCENARIO
For the benefit of the incoming administration, I submit this report to document, analyze, and interpret the
QUESTION:
Add a two- to three-sentence summary specifying which underlying scenario you chose, as well as your overall performance and approval ratings as the chief economic policy advisor of Econland based on your simulation results.
![Table 3. Economic Environment,
Decisions, and Results O
Year Year Year
Year Year Year Year Year
2
3
4
5 6
7
Global Economic Growth Forecast
2.4
2.4
2.8
2.0
1.6
1.0
1.3
2.0
Consumer Confidence Index
100.0 100.0 1023 105.0 97.5 100.5 99.3 100.8
Interest Rate %
3.0
3.0
25
2.0
3.0
3.0
3.0
3.0
Income Tax Rate %
24.0 22.0 220
21.0 23.0
23.0 23.0
23.0
Corporate Tax Rate %
30.0
30.0
30.0
30.0 30.0
30.0 30.0
30.0
Government Expenditure USS (in
billions)
30.0 35.0 35.0
35.0 34.0
35.0 33.0
36.0
Real GDP Growth %
2.5
10.0
-1.0
4.9
2.6
1.6
1.7
52
Unemployment Rate %
5.0
2.0
3.4
5.4
4.0
5.3
5.7
4.2
Inflation Rate %
2.0
2.0
7.3
5.5
1.3
3.7
1.6
1.0
Budget Surplus (Deficit) as % of
-3.0
-6.2
-4.4
-2.7
1.0
1.5
3.5
2.9
GDP](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc243a8d3-77a8-4499-ba4b-0ca8e5f467c6%2F45482233-8901-4514-b865-f0f947c5ff7a%2Fqdpp7yf_processed.jpeg&w=3840&q=75)
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