Evaluation of Macroeconomic Features and Their Impacts on UK

Running head: ECONOMICS
Economics
Name of the Student
Name of the University
Author Note

ECONOMICS
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Abstract
The paper has been developed with the aim of discussing the role of the
different economic system with their key features. UK economy is taken as
the interest of the topic. The paper attains to evaluate the key
macroeconomic features and their impacts on the UK economy. Finally, the
paper has highlighted the key economic issues facing by the UK economy.

ECONOMICS
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Table of Contents
Introduction.....................................................................................................3
Conclusion.......................................................................................................8
Reference list...................................................................................................9

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Introduction
According to the statistics, the UK economy has achieved the 7th
position in terms of the Economic Freedom Index. The economy has been
able to serve this impressive outcome owing to the sharp rise in the
government spending. Recently, the country is having serious problems
related to the Brexit uncertainty. The paper tries to analyze the
macroeconomic issues facing by the UK economy over the couple of years.
Discussion
As per the paper, the following mentioned key economic terms play an
important role to analyse the economic performance.
GDP growth: This economic term reflects the progress of an economy. GDP
growth is calculated in term of the quarterly and annually. It counts the total
goods and service produced within a specific geographical area. This
calculates the economic performance in the monetary terms. In general, GDP
growth reflects the status of government expenses, trade volume, capital
expenditure and per capita income.
Unemployment: Unemployment measures how many people are looking
for a job. The unemployed people are comprised of both types of people who
are actively searching or not. It highlights the financial strength of the
economy (Stokes
et al. 2014). The country having higher unemployment
rate, the economic output will be operated below the optimum level. This
exploits the economic resources.