Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Choose one country currently member of the European Union (EU) having joined it after the year 2000. The other country shall be the UK, as

Choose one country currently member of the European Union (EU) having joined it after the year 2000.

The other country shall be the UK, as a comparison, since it is an older member of the EU.

Collect data on the following economic variables:

  • basic descriptives of the size of the economy / economic growth indicators: population (you can choose to include fertility/ mortality rate, dependency rate), GDP, GDP per capita, the rate of economic growth, GINI coefficient (inequality of income distribution), public debt (in %GDP)
  • financial market and investment indicators: inflation, interest rate, FDI, currency exchange rate fluctuation (e.g. vs. the US dollar), major trends in economic activity /changes (e.g. manufacturing vs services contribution to GDP) , taxation (e.g. income tax, corporation tax)
  • the unemployment rate and any other labour market indicators e.g. labour force size, labour force by sector, average gross wage, minimum wage, poverty, gender pay gap, labour market participation, immigration / emigration number or rate, education (e.g. share with degree)
  • trade indicators: the balance of trade (i.e. deficit/surplus), government deficit/surplus, volume/pattern of exports and imports to and from the rest of the world (if possible split trade between EU and non-EU trade).

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Microeconomics

Authors: Robert Frank

7th Edition

1260111083, 9781260111088

More Books

Students also viewed these Economics questions