Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Examine the graph for your Trinidad and Tobago from 2009 to 2018. What relationship (positive, negative, none) do you observe between (i)
inflation over the period? Justify your response.
Transcribed Image Text:E Econ1000- Group Assignment -X
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B I U
A
1E = E - E - E E
100%
Normal text
Times New. -
11
+
1 | 1 2 3 | 4 5 6 +
Question 3
а)
Caribbean country- Trinidad
Year
20
20
20
20
20
20
20
20
20
20
09
10
11
12
13
14
15
16
17
18
Unemployme
nt (%)
4.
4.0
3.
3.
2.
2.
2.
3.
3.
03
3
43
72
68
48
43
21
3
Inflation rate
6.
10.
5.
9.
5.
5.
4.
3.
1.
1.
(%)
98
55
11
26
2
68
66
07
88
02
Economic
-4.
3.3
-0.
1.
2.
-0.
1.
-5.
-2.
0.
Growth (%)
39
2
29
27
22
19
48
60
99
07
Table 1 showing unemployment, inflation and economic growth rates for Trinidad 2009-2018
Source: World Bank
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+
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M :
Econ1000- Group Assignment ☆ D
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B I UA
IE = E - E - E E
100%
Normal text
Times New. -
11
+
31
1 1 | 2 | 3 4 5 6
| II
Unemployment, Inflation & Economic Growth Rates 2009-
2018
12
10
8
6
+
4
2
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
-2
-4
-6
-8
-Unemployment
Inflat ion Rate
Economic Growth
Figure 1 showing unemployment, inflation and economic growth rates for Trinidad (2009-2018)
Variables
Relationshin
Tuetification
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