(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 Same DayDec 02, 2019BUS202

Answer To: (a) Explain what GDP means. Then, picking any country of your choice: i. Tabulate and graph the real...

David answered on Dec 27 2019
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