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Question 1 Suppose you work as an economic analyst in a large research organisation. Monitoring and interpreting macroec

Posted: Sun May 29, 2022 8:04 pm
by answerhappygod
Question 1 Suppose you work as an economic analyst in a large
research organisation. Monitoring and interpreting macroeconomic
data are a routine part of your job. Suppose you are asked to
analyse the trends in GDP in several developed and developing
countries.
a) Collect and present (in a line-graph format) the annual data
for GDP per capita (in constant U.S. dollar) for the USA,
Australia, Japan, Singapore, South Korea, China, and India for the
1960- 2019 period. Use a graphing tool in Excel or a similar
application to create GDP per capita line graphs for all countries
in one chart.
N.B. Your chart should display a descriptive title, axis labels,
a key and a brief data source below the chart. (e.g. source: World
Bank, 2020 and/or OECD, 2020). A good source of reliable
international data is the Data Bank of the World Bank:
https://databank.worldbank.org/source/w ... indicators#.
b) Collect data (from the same source as above) for GDP per
capita growth for all the seven countries for 1961-2019. Use these
data to compute the average growth rate of GDP per capita for each
country. Report average growth rates of GDP per capita for seven
countries in a table. Please don’t report growth rates for all the
years; we just need the average growth rates over 1961 to 2019 for
each country.
c) Based on your answers to (a) and (b), what similarities and
differences do you observe in these seven countries? Is there any
catch-up effect?
d) India’s GDP per capita remained lower compared to the other
six countries. Discuss three reasons why India’s growth rate and
GDP per capita might have remained relatively low. Cite appropriate
references if you use any data/information to support your
answer.
I'VE COMPLETED PART A & B, THANKS IN ADVANCE
:)