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ECO201 – Student Assessment Project Guidelin Revised 7/02/20 1) Summarize the trend of each of the chapter “main homework topics” in relation to if each is trending towards a “recessionary” or “inflationary” period. GDP CPI GDP per Capita Debt to GDP ratio Gross National Savings National Debt Unemployment Rate Central Bank monetary policies Balance of Payments Exchange rate to US Dollar Trade Restrictions 2) Based upon your analysis of #1 decide if your country is either in a: a)recessionary gap….economy is operating below its full capability/capacity b)inflationary gap…economy is growing too fast & prices are increasing 3)Discuss where on the “business cycle” your country is at the present. 4)Use AS-AD graph to show where your country’s economy is at the present. 5)Identify how you intend to improve the economy of your country by prescribing fiscal and monetary policy changes you would make. 1.Will you use discretionary policy or rules based policies? — Why? 2.