Question
Choose a country (not the US) and find the Nominal GDP and Inflation rate over the past 5 years. (You can find quite a bit
Choose a country (not the US) and find the Nominal GDP and Inflation rate over the past 5 years. (You can find quite a bit of data using this link: https://data.worldbank.org/(Links to an external site.))
What are the annual growth rates for the economy over the past 5 years? Has GDP been growing or declining over this time-frame? Explain what factors might have caused GDP to increase or decrease over this time-frame. What trends do you notice in these numbers? Does anything surprise you? Comment on GDP growth for the different components of GDP (C, I, G, and Xn) over this time frame?
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