4: Structural Change

Question 1

Factors

Answer 1

• Change in Consumer DD
• Technological Change
• Government Policy
• EG Rate
• IC
• IC Level

Question 2

Effect

Answer 2

• EG
• SoL
• Inflation Rate
• Microeconomic Effect
• Dutch Disease
• Resource Curse

Question 3

• Government Role

Answer 3

• Encourage Competition
• Avoid Propping less Efficient Industries
• Promote Further Structural Change

Question 4

Trend

Answer 4

Output, Employment, Investment

Agriculture: 10, 6, 7
Mining: 5, 0, 8
Manufacture: 14, 18, 8
Service: 19, 21, 8