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Essay / Research Paper Abstract
8 pages. A concise paper concerning the Swedish economy, this report will focus on the problems and successes confronting the Swedish economy. How the economy differs from that prescribed in classical theory as well as the way government policies seems to enhance or inhibit economic performance and efficiency. Problems that affect the nation's economy today are considered as well as a look at the economy from 1950 through 1990. Bibliography lists 5 sources.
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8 pages (~225 words per page)
File: D0_JAswdeco.rtf
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that prescribed in classical theory as well as the way government policies seems to enhance or inhibit economic performance and efficiency. Problems that affect the nations economy today are
considered as well as a look at the economy from 1950 through 1990. THE SWEDISH ECONOMY Sweden is currently in an economic slump as is most of the international
economy at this time. Growth in the Swedish economy for 2002 is predicted to be at about 1.5 percent, and employment is not expected to pick back up until
the latter part of next year. It is hoped that by that time the demand in other countries around the world will have increased and that the 2003 outlook
for Sweden will be somewhere around the 2.6 percent mark (The Swedish Economy 2001). THE GROSS DOMESTIC PRODUCT The gross domestic product (GDP) is the most important economic indicator
published. Providing the broadest measure of economic activity, the gross domestic product is considered the "report card" of a nation. The major components of the gross domestic product
are consumption, investment, and government purchases and net exports. The consumption spending represents approximately fifty six percent of the gross domestic product and is divided into three categories consisting
of durable goods, non-durable goods and services. The investment spending accounts for about fourteen percent of the gross domestic product and covers three categories, which are non-residential, residential, and the
change in business inventories. The worldwide plummet in the stock markets had its roots in the turmoil of the foreign exchange markets where interest rates were raised sharply. The
well-managed foreign exchange market and capital account insulated the Swedish stock markets to a great extent from the external shock. Many economists theorize that the global stock market crash
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