Economic activity should continue to expand at a similiar rate to 2021's projected rebound, on the back of solid domestic demand and robust export growth. However, tighter monetary policy amid relatively elevated inflation will likely dampen momentum, while the new covid 19 variants pose a large risk to activity given the country's law vaccination rate. The panel sees the economy expanding 4.0% in 2022, which is unchanged from last month and growing 2.6% in 2023. Jamaica economy, GDP, Inflation, CPI and interest rate ( focus economics.com) Question 1) The accelerator theory suggests that planned investment depends on the rate of change in real output, provide three contributors which would result in the expansion of economic activity. 2) Explore at least 3 importance of Foreign Direct Investment which could result in expanding the economy by 4% in 2022. 3) Describe how inflation will affect income inequality in Jamaica.
Economic activity should continue to expand at a similiar rate to 2021's projected rebound, on the back of solid domestic
Question
1) The accelerator theory suggests that planned investment depends on the rate of change in real output, provide three contributors which would result in the expansion of economic activity.
2) Explore at least 3 importance of Foreign Direct Investment which could result in expanding the economy by 4% in 2022.
3) Describe how inflation will affect income inequality in Jamaica.
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