3-2 Simulation Checkpoint Assignment ECO-202-T5625 Macroeconomics

Table 3: Economic Environment, Decisions, and Results

Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7

Global Economic Growth Forecast 2.4 2.4 2.8 2.0 1.6 1.0 1.3 2.0

Consumer Confidence Index 100.0 100.0 102.3 103.5 94.4 111.8 97.6 102.9

Interest Rate % 3.0 1.5 1.0 2.0 2.0 1.0 1.0 1.0

Income Tax Rate % 24.0 19.0 16.0 19.0 21.0 15.0 10.0 8.0

Corporate Tax Rate % 30.0 25.0 20.0 17.0 19.0 15.0 10.0 7.0

Government Expenditure US$ (in billions) 30.0 30.0 15.0 30.0 32.0 28.0 30.0 30.0

Real GDP Growth % 2.5 7.0 -7.2 27.5 -0.8 5.8 11.8 6.5

Unemployment Rate % 5.0 3.2 7.1 2.0 2.0 5.0 2.0 2.0

Inflation Rate % 2.0 3.4 6.7 -0.6 7.6 8.4 3.7 8.4

Budget Surplus (Deficit) as % of GDP -3.0 -5.6 4.3 -0.9 1.2 -0.2 -4.6 -5.0