University : Laureate International University UniLearnO is not sponsored or endorsed by this college or university.
Subject Code : ECON2002
Country : Australia
Assignment Task:

 Context: 

Assessment 3 assesses students’ understanding of the macroeconomic variables of Gross Domestic Product (GDP), inflation and unemployment and makes a comparative between nations. 

Instructions: 

In groups of 3 students you are expected to prepare a 1 500 word research report which addresses the following:

(a) Collect and tabulate information on the Nominal GDP of each of the countries (in Millions of the respective currency of the country), inflation rate and the unemployment rate for the years 2006 to 2018. Determine the nominal growth rate of GDP over the period. (15%) 

(b) Provide on a comparative basis a well-reasoned and supported comment on what has happened to economic growth in each of the countries chosen over the period 2006 to 2018. From your research provide reasons why such a pattern of economic growth occurred. (750 words) (25%). 

(c) Discuss how economic growth has influenced the inflation rate and the unemployment rate over the given period.

 

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  • Posted on : April 11th, 2019
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