Conceptual Unit: Economic Indicators and the Business Cycle One of the primary objectives of this course is to develop the ability to apply basic economic principles to the real world. In this application, you are charged with performing an economic analysis of a country of your choice. Show me that you are able to apply the topics that we have discussed to real world scenarios. Topics: - Law of Comparative Advantage The circular flow of income and expenditures GDP Definition Expenditure view of GDP Limitations of GDP GDP per Capita, GDP (PPP) Unemployment rate Inflation rate The business cycle Requirements: Choose a specific country on which to focus your analysis AND get your selection approved by me Compose a 1-2 page analysis that incorporates topics listed above and other topics that were discussed in our first unit Your analysis should: Give a brief overview of the country that includes relevant indicators of (1) " economic strength and (2) quality of life. Your analysis should provide specific data figures Interpret the data to assess the economic strength of the country and the quality of life of its inhabitants Describe the trends and patterns observed in GDP, unemployment rate, inflation rate (and other figures) over the past five years Analyze the relationship between the variables that you have chosen Discuss the strengths and weaknesses of (1) the economy and (2) quality of life, as indicated by the figures you have chosen ***Propose potential policy recommendations or interventions that could address the identified weaknesses or capitalize on strengths*** Provide proper attribution for any thoughts/ideas that are not your own in MLA or APA format (you need in-text citations and a works cited page)