Dinner and Dance
Autor: Dennis Yeo • July 27, 2015 • Essay • 884 Words (4 Pages) • 1,205 Views
1.0 Introduction
Up to date (2014), compared with other countries, France is living in a modern era. France is one of the most standout in European country nation in the world. The economy market is very different from all other sectors. The France government has the most authority over lots of companies including those public services like air transports (airlines), telecommucation, electric & water suppliers. With around approx. 83 millions tourist from all around the world per year and its contribute around 7 percent to France’s GDP because France is currently one of the top country that most tourist will come and visit most percentage of France’s income profit comes from tourist industry,
2.0 Production Output Performance Analysis
2.1 Real GDP Constant Prices
[pic 1]
Actual | Previous | Highest | Lowest | Dates | Unit | Frequency |
|
516497.00 | 515863.00 | 516497.00 | 68907.00 | 1950 - 2014 | EUR Million | Quarterly | Constant Prices, SA |
The above graph shows the Real GDP constant price for France from year 2004 to 2013. France experiences a GDP increased from 470,000 EUR million to 510,000 in the year between 2003 and 2008.
2.2 Real GDP Annual Growth Rate
[pic 2]
Actual | Previous | Highest | Lowest | Dates | Unit | Frequency |
0.24 | 0.41 | 12.5 | -3.92 | 1950 – 2014 | percent | Quarterly |
The above graph shows France’s GDP Growth Rate from 2004 to 2014. It rise and falls irregularly around 2 percent between 2004 and 2008 and reached a lowest record of -3.92 percent in 2009. France is the 2nd largest in the European as service sector contribute a total of 79 percent to the total GDP.
2.3 Real GDP per Capita
[pic 3]
Actual | Previous | Highest | Lowest | Dates | Unit | Frequency |
34140.57 | 34250.17 | 34982.13 | 11154.4 | 1960 - 2013 | USD | Yearly |
Real GDP per capita for France from 2004 to 2013 is shown above.
Government’s Measures
3.0 Labour Market Analysis
3.1 Unemployment Rate
[pic 4]
Actual | Previous | Highest | Lowest | Dates | Unit | Frequency |
10.4 | 10.3 | 10.8 | 7.2 | 1996 – 2014 | percent | Quarterly |
The above graph shows the rate of unemployment from year 2004 to 2013. In starting quarter 2008, it hit the lowest record of 7.2 percent and which it maintain around 9 to 10 percent.
3.2 Types of Unemployment
3.2.1 Frictional Unemployment
Definition of it is that unpreventable unemployment from normal labour market turnover which relating to search for new employment with longer time. Example will be: Fresh graduate from school can’t always expect to find a job which is related to the course that they had studied.
...