Use the World View to answer the questions. Be sure to spell the country correctly. WORLD VIEWComparative Macro PerformanceThe performance of the U.S. economy in the 2000s was better than that of most developed economies. Japan had the greatest success in restraining inflation (0.4 percent) but suffered from sluggish growth (0.7 percent). The United States grew faster and also experienced less unemployment than most European countries.Performance, 2000–2018U.S.JapanGermanyUnited KingdomFranceCanadaReal growth (annual average)1.80.71.31.51.11.9Inflation (annual average)2.20.41.42.01.41.9Unemployment (annual average)6.14.36.85.99.27.1Source: International Monetary Fund and OECD.a, Which country was best at controlling inflation? b. Which country did the best job with providing jobs for their citizens? c. Which country had the worst misery index? d. Which country had the fastest growth? e. Which country had the slowest growth

Inflation: When price increases at a continuous rate then this can be considered inflation, when…

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ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Use the World View to answer the questions. Be sure to spell the country correctly.

WORLD VIEW
Comparative Macro Performance
The performance of the U.S. economy in the 2000s was better than that of most developed economies. Japan had the greatest success in restraining inflation (0.4 percent) but suffered from sluggish growth (0.7 percent). The United States grew faster and also experienced less unemployment than most European countries.
Performance, 2000–2018	U.S.	Japan	Germany	United Kingdom	France	Canada
Real growth (annual average)	1.8	0.7	1.3	1.5	1.1	1.9
Inflation (annual average)	2.2	0.4	1.4	2.0	1.4	1.9
Unemployment (annual average)	6.1	4.3	6.8	5.9	9.2	7.1
Source: International Monetary Fund and OECD.

a, Which country was best at controlling inflation?

b. Which country did the best job with providing jobs for their citizens?

c. Which country had the worst misery index?

d. Which country had the fastest growth?

e. Which country had the slowest growth

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