You are required to write a 2500 word essay that addresses the following two tasks:
(Task 1) Describe the main macroeconomic objectives and discuss their possible impact upon the property market and/or construction sector of an economy. (80% of marks)
(Task 2) Myers (2013) states that once an economy has developed, the construction output as a percentage of GDP tapers off. Explain and critically discuss this statement. (20% of marks)
Relevant examples and in-text citations should be used to support discussion.