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    This document introduces a session on understanding the performance of a country's economy. It discusses how economic growth rates vary between 1.2-1.9% worldwide, 0.9-1.5% in developed countries, and 2.4-3.3% in developing countries. The session aims to define key economic performance parameters, explain macroeconomic issues like growth, unemployment, and inflation, and define indicators used to measure inflation.

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    This document introduces a session on understanding the performance of a country's economy. It discusses how economic growth rates vary between 1.2-1.9% worldwide, 0.9-1.5% in developed countries, and 2.4-3.3% in developing countries. The session aims to define key economic performance parameters, explain macroeconomic issues like growth, unemployment, and inflation, and define indicators used to measure inflation.

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    9 views1 page

    GBE 01 Prework

    Uploaded by

    deve12345
    This document introduces a session on understanding the performance of a country's economy. It discusses how economic growth rates vary between 1.2-1.9% worldwide, 0.9-1.5% in developed countries, and 2.4-3.3% in developing countries. The session aims to define key economic performance parameters, explain macroeconomic issues like growth, unemployment, and inflation, and define indicators used to measure inflation.

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    GBE: Module 1

    Session 1: Understanding The Performance of a Country


    1. 1.1 Pre-Work Introduction A countrys economic growth reflects the well being of its people. But economic growth is not constant. It changes over time and across regions/countries. For instance, over the last three

    years, the world economy had registered a growth rate ranging between 1.2 to 1.9%. The developed countries registered a growth rate ranging between 0.9 to 1.5%, while the developing countries experienced a growth between 2.4 to 3.3%. Why do these differences in growth rates arise? Why do

    some economies grow steadily? What do governments do to reduce fluctuations in growth? How do we define growth? 1.2 Learning Objectives In the overall framework of understanding the performance of a country, the specific objectives of this session are: (i) To define and interpret the performance parameters (ii) To define and understand macro economics issues of growth, unemployment and inflation (iii) To define and understand indicators of inflation

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