Answer to Question #84241 in Macroeconomics for Yadanar Sein

Question

Suppose a country’s output is below / above the policy-maker’s desired level of output and is experiencing a trade deficit / surplus. Assume the policy-maker’s goals are to achieve the desired level of output (i.e., full employment output) and balanced trade. Given this information, what type of exchange rate and / or fiscal policy can be used to achieve simultaneously these two goals? Explain taking a country’s data into consideration.
The following should be included in your discussion.
1. Identifying economic performance using GDP growth and trade balance.
2. Relevant policy advocates-discussion of fiscal and exchange rate policies.
3. A table with at least GDP, trade balance, budget deficit and nominal or real change rate. Your data cover period 1990 to 2018. Your discussion can be centered on recent years.

Answer 1

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