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Using the data, Compare the annual growth rates of the nominal GDP and real GDP in 2007 as well as in 2009. Which GDP grows

Using the data, 

  1. Compare the annual growth rates of the nominal GDP and real GDP in 2007 as well as in 2009. Which GDP grows faster? How can the growth differences be explained?

  1. Compare the annual inflation rate of the GDP deflator in 2007 with the inflation rate of the CPI during the same period. What factor could explain the observed differences between both rates of inflation?

  1. What can be said about the level of development of this country (e.g., “developed”; “developing”; “least developed”). Justify your answer.

  1. With the data given, how would you assess any welfare advances during the period?

  1. Can you guess the country? Justify your answer.


explanation and calculate itUnits:Scale factor:19961997199819992000200120022003200420052006200720082009
Country 1

LCU = Local Currency Units
















Macro















Consumer price index

115,8123,8127,7133,9143,4153,2166,1190,6203,1217,1226,2234,4247,7259,8
Exchange rate, period averageLCU per US$
1,011,081,161,811,832,352,923,082,932,442,181,951,832,03
GDP, nominal in local currency (LCU)LCUMillions84396593914797927510650001179482130213614778211699949194149721472382369797259761128897183011156
GDP, nominal in US$US$Millions8385508705188436475869296440145572385169375574036646658880751089517134178015999741499675
GDP, realLCUMillions10899841127027112783211307131179470119566212265421241058131204513535521407188148686915628101556510
Industrial production index

88,692,490,589,995,897,4100,0100,0108,1111,8115,0121,8125,3114,5
Interest rate, short-term%
27,525,029,426,317,617,519,123,416,219,115,312,012,410,1
Population, total
Thousands164157166650169162171675174174176659179123181537183864186075188158190120191972193734
Unemployment rate%
8,18,511,411,311,810,511,712,311,59,810,09,37,98,3
GDP and domestic demand















Consumption, government, realLCUMillions212408215661222588226478226085232320243261246169256213262038268730281388297228306373
Consumption, private, realLCUMillions7111177318417264627294717589417634427783247722318020458380438814899370409871241014979
Exports, goods & services, realLCUMillions845699400798581104498117691129501139556153886177198193770203506217163215685194806
GDP, nominal in US$US$Millions8385508705188436475869296440145572385169375574036646658880751089517134178015999741499675
GDP, US$ prices & PPP exch rate, real, per capitaUS$
69347063696368787072706971517140745375977810816785028390
GDP, US$ prices & PPP exchange rate, nominalUS$Millions10682701122670113558011549301230910127698013338101377810149469015846001700570184537019812102000386
GDP, US$ prices & PPP exchange rate, realUS$Millions11382401176924117776411807731231688124859712808441296003137013314134781469488155269716320001625421
Imports, goods & services, realLCUMillions128791147125146967124954138491140165123705121942138005149707177458214437253648219976
Investment, total fixed investment, realLCUMillions189505206250205755188941198151199601188788180459196405203461223524253365288284245620
Stockbuilding, realLCUMillions21176263932141262791709310962318102561818959487398123512813814709
Energy















Oil productionbarrels per dayThousands79584196911321269129514551496147716341723174818121887
Socio















Age dependency ratio (dependents to working-age pop)

0,590,570,560,550,540,530,530,520,520,510,510,510,510,51

















Life expectancy at birth, total (years)

66,969,4

70,368,371,070,670,971,872,172,472,773,1

















Calculate:
































Total Final Expenditure, real















Domestic Demand, real

11342061180145117621711511691200270120632512106911209114127285213094891381140148414316007731581680

















GDP real (expenditure approach)

10899831127027112783211307131179470119566212265421241058131204513535521407188148686915628101556510

















Annual growth rate of real GDP















Annual growth rate of nominal GDP
































GDP deflator















Annual growth rate of GDP deflator
































CPI inflation







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