Part 1- Introduction: Review the economic growth of Sweden over the last 20-30 years. Use the Penn tables –
https://pwt.sas.upenn.edu/php_site/pwt71/pwt71_form_test.php – to identify gdp, consumption, investment and other data. When presenting or writing your report please present this data in a clear way – not just copied and pasted in a long list but broken up into different time periods with your observations and comments for each time period. Then, identify Sweden’s factors of production – you can use the cia.gov website for this but please do not copy or paste any text and classify and analyse the information rather than just producing a list of statistics. Identify the historical causes of the country’s strong/weak economic performance. Try to match the causes to the information you have found on expenditures – consumption/savings; investment; government spending/taxes and exports/imports and to the production function – technological level; natural resources; labour; physical capital;
human capital and use this data to support your explanations. This part gets 20% of the grade.
Part 2 – Current situation: Review the current situation of Sweden’s economy. Include GDP and any significant changes in expenditure – consumption/savings; investment; government spending/taxes and
exports/imports and to the production function – technological level; natural resources; labour; physical capital – but don’t go over these again because they have been dealt with in the introduction.
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