Purpose of the Task
The purpose of the task is to develop an understanding of key macroeconomic concepts and ability to apply these concepts to the real world situation.
Description of the Task
Question 1
Choose one country from each of the following continents:
- Asia
- Europe
- North America
- South America
- Africa
Collect data for the following macroeconomic variables from 2008 to 2014 for the FIVE (5) countries of your choice from the United Nations Statistics Database website.
- Gross Domestic Product by expenditure (at current prices)),
- Exports of goods and services (at current prices)
- Imports of goods and services (at current prices)
- GDP growth rate (annual percentage)
a) Present the collected data for each variable using a separate table with clear headers and legends as appropriate.
b) Compare and comment on the differences in the four variables between each country and over time. Discuss possible economic reasons that contributed to those differences.