Understanding the priorities of governments in determining the right policies to implement.
Singapore experienced a quarterly growth rate of -0.7% from April to June 2012. “Inflation is harmful to an economy and hence it should be the priority of the Singapore government to reduce inflation.” Discuss. 
What you need to know to attempt this essay question?
Explain the impact of high costs on the overall economy and explain the nature of the Singapore economy. Secondly, to explain the impact on Singapore’s economy as a whole. Lastly, to explain the other economic problems that should be the priority, such as low economic growth.
How to apply the knowledge to your exam preparation?
From the video, prepare an essay outline on how to write the essay for this question. Thereafter, aim to complete the essay within 45 mins, so as to improve your writing and thinking skills.
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