Problems 9.11-9.15 Forecasting the Pan-Pacific Pyramid: Australia, Japan & The United States
			Gross Domestic Product								Industrial		Unemployment
							Forecast		Forecast		Production		Rate
	Country		Latest Qtr		Qtr*		2007e		2008e		Recent Qtr		Latest
	Australia		4.3%		3.8%		4.1%		3.5%		4.6%		4.2%
	Japan		1.6%		-1.2%		2.0%		1.9%		4.3%		3.8%
	United States		1.9%		3.8%		2.0%		2.2%		1.9%		4.7%
			Consumer Prices						Interest Rates
							Forecast		3-month		1-yr Govt Bond
	Country		Year Ago		Latest		2007e		Latest		Latest
	Australia		4.0%		2.1%		2.4%		6.90%		6.23%
	Japan		0.9%		-0.2%		0.0%		0.73%		1.65%
	United States		2.1%		2.8%		2.8%		4.72%		4.54%
			Trade Balance		Current Account				Current Units (per US$)
			Last 12 mos		Last 12 mos		Forecast 07
	Country		(billion $)		(billion $)		(% of GDP)		Oct 17th		Year Ago
	Australia		-13.0		-$47.0		-5.7%		1.12		1.33
	Japan		98.1		$197.5		4.6%		117		119
	United States		-810.7		-$793.2		-5.6%		1.00		1.00
	Source: Data abstracted from The Economist, October 20, 2007, print edition. Unless otherwise noted, percentages are percentage changes over one year. Rec Qtr = recent quarter. Values for 2007e are estimates or forecasts. 14. Implied Real interest Rates a.australian dollar "real" rate b.japanese yen "real" rate c. us dollar "real"rate