Business Economics Assignment Solution - (Doc)

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Added on 2020-10-22

Business Economics Assignment Solution - (Doc)

Added on 2020-10-22

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BUSINESS ECONOMICS

TABLE OF CONTENTSPART 2: REPORT...........................................................................................................................1INTRODUCTION...........................................................................................................................1MAIN BODY..................................................................................................................................1Economic growth (GDP).............................................................................................................1Inflation........................................................................................................................................2Unemployment............................................................................................................................3Exports/Imports...........................................................................................................................5Population growth........................................................................................................................8CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10

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PART 2: REPORTINTRODUCTIONThe current report is comprising related facts, figures and data of about past 4 yearswhich is 2014-2017 of Malta which is a South European nation. The data will be coveringspecified parts like that of Economic growth, rate of inflation, unemployment, import-export andpopulation growth as well of country. Malta is very advanced economy as per the reports ofInternational Monetary Funds (IMF) as major of its exports are depended upon cotton, tobaccoand shipyards till 1800. The country is heading towards development and increasing level ofemployment which is making it more competitive with other small European countries. MAIN BODYEconomic growth (GDP)Year Annual (%)20148.11420159.62220165.23120176.422Figure 1: Economic growth (GDP)[Source: Economic growth, GDP. 2018]Interpretation:1

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GDP is that indicator of economic growth for country which will allow to analyse the rateof inflation, market value that of goods and services which are been produced over a period oftime into an economy. Growth could be indicated in form of inflation which is been adjustedwith eliminating the effects. It could be measured as % of annual gross sales or domestic productwhich is GDP. From the above analyse of GDP growth rate of Malta it could be determined thatthere is variety of trend which is involved. Like in year 2014 the GDP of Malta was about8.114% which highly increased in year 2015 as 9.622. The growth meant that country during thisparticular period was growing in positive manner. While in next year which is that of 2016country witnessed a decrease into trend of GDP which is as lower as 5.231 and then in 2017there was slight increase into the rate of GDP to 6.422 but still lower than in year 2015.Inflation Year Annual %20142.49120152.72420161.62820172.529Figure 2: Inflation of Malta[Source: Inflation, GDP deflator. 2018]2

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Business Economics Assignment Solution - (Doc)