Question
Analyze raw data for these indicators and speculate as to why some countries have better economic performance than others. Look at the GDP numbers generated
Analyze raw data for these indicators and speculate as to why some countries have better economic performance than others.
Look at the GDP numbers generated by the World Bank (click here). Scan the table. Pick three countries to specifically analyze (your choice but not the U.S. or China). For those three countries, identify the most current GDP data, the percent growth over the past 5 years, and the percent growth over the past 10 years. You will need to use the slide at the bottom of the graph to change the past year accordingly
To calculate percent change. use the formula of (current ear GDP) - (base ear GDP) / (base vear GDP) then multiply by 100 to make a percentage. Your base years are 5 years ago and 10 years ago.
Next. look up current unemplovment and inflation data tor each of vour selected countries usine World Bank data (unemployment link (http://data.worldbank.org/indicator/SL.UEM.TOTL.ZS) and inflation link (http://data.worldbank.org/indicator/FP.CPI.TOTL.ZG))
With all that data in hand. please complete the following: A table with the names of each of your three countries, the percentage changes in GDP for each of your countries as compared to 5 yrs ago and 10 years ago, the most recent GDP, and the current unemployment percentage and inflation rate.
SAMPLE for fictional country Saintonia
Saintonia | Country #2 | Country #3 | |
% GDP change since 5 yrs ago | +8% | ||
% GDP change since 10 years ago | -2% | ||
Current GDP | 1.2 billion | ||
Current Unemployment Percentage | 7% | ||
Current Inflation Rate | 3% |
Identify two trends in your table data (e.g. similarities or differences between countries, similar GDP changes, similar unemployment changes, etc.) For each trend. Please write a brief explanation why that trend might exist.
Identify two connections between your GDP data and unemployment data (i.e. similar or different changes). For each connection, please write brief explanation speculating why that connection might exist.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started