Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Q3. Analysis of which location is the best to search for a job. In addition to the macroeconomic indicators obtained in the previousstep, you are
Q3. Analysis of which location is the best to search for a job. In addition to the macroeconomic indicators obtained in the previousstep, you are asked to find atleast onemore macroeconomicindicator for the above four countries from online sources such as the World Bank, the International Monetary Fund, and Google Public Data. According to the new indicator(s) together with the data obtained in Q2, select the location that is best for a job seeker, and explain the reason which leads to your decision. (Hint: you may search the internet to find additional macroeconomic indicators such as the Gini Index which measures the wealth inequality, or other variables measuring quality of life for the above four countries, such as the Human Development Index.) Q4. Concluding remarks. Summarize this assignment by writing a short report/essay on where you would like to pursue a professional career among the four countries listed above. In addition to comparing vanous macroeconomic indicators, you are asked to explain in detail other factors, such as demographics, cultural norms, political and economic systems, etc., that may haveled to your decision. Your report should be no more than two-page long. Use double spacing and font size 11 (Times New Roman) in your report You are recommended to use chart, figure and data table to support your arguments. All figures should be included in the appendices, but referred to in the body of the document.Word Accessibility Mode Bad Print Find 3 Immersive Reader Suppose that you are choosing which country listed in the table below to pursue a professional career after graduating from TAMIU. The data in the table below are taken from the International Monetary Fund, the World Bank, and Trading Economics for the calendar year of 2022. Country Population Nominal GDP Labor Force Employment Japan 124.95 Million S 4,256,410,760,000.00 69019170 67225830 Norway 5.43 Million 593,348,980,000.00 2954650 2859180 South Africa 62.03 Million $ 405,270,850,000.00 25098530 17860750 Brazil 215.31 Million S 1,920,095,780,000.00 104652420 90549420 Q1. The macroeconomic indicators and the well-being in a society. Based on the information provided, list the macroeconomic indicators that you can use to help you determine which country is better in terms of searching for a job. In addition, for each indicator that you list, discuss how it reflects the well-being of the individuals in a society/location. (Hint: the indicators that you can calculate from the data provided in the table above are the unemployment rate and per capita GDP. Explain what these two economic indicators are together with why and how they are related to the well-being of individuals in the economy.) Q2. Computation of macroeconomic indicators Based on the data provided, compute the values of the macroeconomic indicators which you have selected in the previous question for all four countries. (You can write answers in the table provided next page on the answer sheet.)
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