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(a) Explain what GDP means. Then, picking any country of your choice: i. Tabulate and graph the real and nominal GDP of the country over the last 20 years (If you are unable to get the data for 2017,...

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(a) Explain what GDP means. Then, picking any country of your choice:

i. Tabulate and graph the real and nominal GDP of the country over the last 20 years (If you are unable to get the data for 2017, don’t worry – you can use 20 years data ending even in 2012; however, you need 20 annual data points).

ii. Calculate the annual GDP deflator – tabulate.

iii. Calculate the annual growth rate of GDP – tabulate.

iv. Offer a commentary on the economic growth recorded in the country over the observed period.

 

(b) Define unemployment and explain how the unemployment rate is determined? For the country you have chosen:

i. Tabulate and graph the unemployment rate recorded over the observed period.

ii. Offer a commentary on the unemployment rate observed in the country over the observed period.

Answered 25 days AfterDec 02, 2017BUS202

Solution

David answered on Dec 27 2017
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Submission date: 02-Dec-2017 07:45AM (UTC-0800)
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