South Korea Sees High Economic Growth Rate In 2017
The article reports fastest growth rate achieved by the South Korean Economy. The improved outlook is on account of Fiscal Stimulus , Increase in Exports and increase in Investment.
Topics covered are Economic Growth, Expansionary Fiscal Policy , Components of Aggregate Demand, Investment and Consumption. Use the National Income Equation and Macroeconomic diagrams to explain the current achievement and the possible unintended consequences of Interventionist and Market based Supply side and Demand side policies.
Evaluate the role of Expansionary Fiscal Policy in achieving Economic Growth and effects on Inflation , Taxation , Debts and Deficits. Discuss the impact on Inflation and Unemployment in short term and long term.