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Report the following macroeconomic indicators for Nigeria: GDP, economic growth rate, public debt, inflation rate (CPI, annual variation in %), policy interest rate, and trade

  • Report the following macroeconomic indicators for Nigeria: GDP, economic growth rate, public debt, inflation rate (CPI, annual variation in %), policy interest rate, and trade balance.
  • Discuss the state of the economy of the country you selected. Make sure to discuss if the country is experiencing a recession or an expansion and if there is inflation or deflation in the economy.
  • Discuss the relationship between GDP, inflation, and unemployment as addressed by the AD-AS model and explore if this is the same relationship as explained by the Phillip's Curve.
  • Recommend ONE policy to the central bank of the country, given the state of the economy.
  • Recommend ONE policy to the government of the country you selected, given the state of the economy.
  • Discuss the possible short-run and long-run implications of using the monetary and fiscal policies you prescribed in the previous questions.
  • Discuss the differences in the approach taken by a Classical economist versus a Keynesian economist in solving the macroeconomic issues of the country you selected.

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