Abstract: This paper outlines a general idea of what the economy itself has been through in
the past 10 years in the country of Lithuania. This report, with the help of a few resources e.g.
OECD.org and World Bank, the paper will discuss and look into the different concepts of the
Lithuanian economy and its performance during the years and how it be in the future. The
paper will look into the national income of Lithuania and its overview during the years. There
will be some charts in the report to clearly showcase what the economy has been through
using bar charts pie charts line plots etc.
Section headings
Lithuania economy performance vs economics policy
● This will highlight they performance vs policy of the Lithuanian economy.
● The performance will show how the economy is doing including in the past recent
years and it can be done in graphs to view the difference.
● The policy highlights what the governments try to do to influence the economics
outcomes.
Lithuania real economy vs the monetary economy
● The country of Lithuania real economy mainly concerns on the variables e.g. output,
income employment/ unemployment.
● This helps to underlay the volume the economics activity and how the policy makers
are concerned about the real outcome of the Lithuanian economy.
● The monetary/ financial economy has its concerns on the variables like the supply of
credit, exchange rate, interest rates and price level.
Lithuania fiscal policy vs monetary policy
● This discusses the varieties of macroeconomic policy.
● The fiscal policy looks into the government expenditure, revenue, deficits and debt.
● The monetary policy controls the money supply, credit conditions, interest rates and
exchange rates.
● There has been a lot of macroeconomics debates about the relationships between the
relative effectiveness of fiscal vs monetary policies.
Lithuania macro supply side policies
● This is intended to affect the productive potential of the economy of Lithuania and
how well the economy markets work.
● The policies are concerned with the efficiency of labour market and the regulations of
ownership, competition in markets which is more dealt with in the micro economy.
● With the aid of a supply diagram one can see how much the supply is needed in the
country.