1 3) Consider two fictional economies: Metropolis and Gotham. Based on the followingeconomic statistics, pick one of the two economies, and write a paragraph using 5statistics explaining why their economy is stronger.Metropolis5,000,000,000,000StatisticGDP (constant PPP $)GDP per capita (constant PPP $) 100,000GDP Growth Rate3%GNI (constant PPP $)GNI per capita (constant PPP $)Consumer Price IndexGDP DeflatorGINI IndexCentral Government Debt (as %of GDP)Foreign Direct Investment(constant PPP)Net Financial Account(constant PPP)Unemployment Rate (%)Poverty Rate (%)5,500,000,000,000110,00012511550200.0%1,000,000,00020,000,00010%5%Gotham10,000,000,000133,3335%11,250,000,000150,0001301106550.00%-1,000,000,0004,000,0005%10%

Even though prima facie Metropolis has a higher absolute GDP, we will still say Gotham is stronger…

3) Consider two fictional economies: Metropolis and Gotham. Based on the following economic statistics, pick one of the two economies, and write a paragraph using 5 statistics explaining why their economy is stronger.

3) Consider two fictional economies: Metropolis and Gotham. Based on the following economic statistics, pick one of the two economies, and write a paragraph using 5 statistics explaining why their economy is stronger.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

3) Consider two fictional economies: Metropolis and Gotham. Based on the following
economic statistics, pick one of the two economies, and write a paragraph using 5
statistics explaining why their economy is stronger.
Metropolis
5,000,000,000,000
Statistic
GDP (constant PPP $)
GDP per capita (constant PPP $) 100,000
GDP Growth Rate
3%
GNI (constant PPP $)
GNI per capita (constant PPP $)
Consumer Price Index
GDP Deflator
GINI Index
Central Government Debt (as %
of GDP)
Foreign Direct Investment
(constant PPP)
Net Financial Account
(constant PPP)
Unemployment Rate (%)
Poverty Rate (%)
5,500,000,000,000
110,000
125
115
50
200.0%
1,000,000,000
20,000,000
10%
5%
Gotham
10,000,000,000
133,333
5%
11,250,000,000
150,000
130
110
65
50.00%
-1,000,000,000
4,000,000
5%
10%

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