Topic: Economic

Compare the two countries with respect to the components of GDP. Have these percentages changed over the 10 years? If so find out why.

What are the differences between the two countries’ components of GDP? Why do you think these differences exist?

What is the change in the inflation rate during this period using (i) CPI and (ii) the GDP deflator? Explain the variation in the inflation rate.

What is the difference in the inflation rate in the two countries? Why is the inflation rate similar or different?

What is the change in the unemployment rate during this period? Explain the variation.

What is the difference in the unemployment rate in the two countries? Explain the similarity or difference.

Do you observe any relationship (negative or positive) between your variables (GDP, inflation rate and unemployment rate) during the ten year period? Give reasons for the relationship.

 

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