At a June 2010
summit of the G-20, President Obama urged member nations to
continue stimulus spending to maintain economic growth.
Obama successfully argued the same case at a summit in 2009,
resulting in increased fiscal spending by the G-20 in both 2009
and 2010, but attitudes had changed by the June 2010 summit as
many members were weighing fiscal austerity measures to counteract
the previous spending increases. Do some research on the
G-20 nations to see what happened to fiscal spending in these
nations in 2011. In which nations did fiscal spending increase
and in which did it decrease? What happened to the unemployment
rates and GDP levels in these nations in 2011? Do you see
any correlation between the change in fiscal spending and the
changes in unemployment rates and GDP? Explain.