Oct 25, 2004

Economic growth in the United Kingdom is slowing.

Sites to Visit for More Information:

  • Office for National Statistics
  • Bank of England
  • Resources for Economists on the Internet

    • Questions:

    1. What are the sources of economic growth?
    2. Are the sources of economic growth that you listed in your answer to #1 present in the U.K. economy today?
    3. What is the relationship, if any between government revenues and government expenditures when economic growth slows?
    4. Given the recent slowdown in economic growth, what advice would you give to the Bank of England regarding upcoming interest rate changes?
    5. What can the U.K. government do to stimulate faster economic growth? Do you think the government should strive to achieve faster economic growth? Why or why not?

    Chapter(s): 24, 26, 27, 30

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