| University | University of Wollongong (UOW) |
| Subject | ECON100: Economic Essentials for Business |
Essay Question
Choose a country of your choice and use the following questions to assist you to write an essay analyzing how the Covid-19 has impacted this country.
- Use the quarterly GDP data to examine and explain the trend from 2019 Q1 to 2021 Q2. Was there a technical recession? Was there a recovery in 2021 Q2? Are you able to break down the data into C, I, G, X, and M?
- Examine the unemployment rate during this period. Which are the sectors worst hit by the crisis? What type of unemployment would you consider them?
- What were some of the fiscal and monetary measures used by the Government to reduce unemployment and boost GDP?
- What are the limitations of the fiscal and monetary policies used?
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