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Specification:
Click to read the article and then answer the questions:
UK economy’s 0.1% growth fails to hit forecasts
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Define economic growth
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Define stagflation
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With reference to the chart, identify when UK economic growth was at its fastest rate (month and year)
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With reference to the chart, compare economic growth from 2020-present (NB Feb 2020=100)
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State and explain how the government could use fiscal policy to stimulate economic growth
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State and explain how the Bank of England could use monetary policy to stimulate economic growth
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Define comparative advantage
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With reference to the chart, identify the UK’s particular area of comparative advantage
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Using your own knowledge, and the data in the chart, state and explain whether the UK economy is too reliant on the tertiary sector for economic growth
Gavin Clarke, Emmanuel College
