Retrieve inflation data from The World Bank data base (http://databank.worldbank.org/data/home.aspx) for India, Spain, and South Africa for
Prepare a chart that compares India, Spain, and South Africa based on the data. Describe the key differences between the countries. Rank these countries as high-, medium-, and low-income. Explain what is surprising or expected about the data.
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Principles of Economics 2e
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- Consider a strange economy (Economy Z) that does not consume anything it produces. Everything it produces is traded to a neighboring country, and everything it consumes comes from that neighboring country. Now prices in the neighboring country rise, while other nations don't experience this. Inflation for Economy Z measured with the GDP deflator will [Select] inflation measured with the CPI will [Select] andarrow_forwardDescribe the current state of two economic indicators [ i.e. inflation] in the Philippines and how they affect the economy as a whole.arrow_forwardThe manufacturing sector is considered as one of the major sources of substantial employment generation in both developed and developing economies. But in Zambia, its contribution is still less than the highest standard set at 2014 when it accounted for 223 681 jobs of which 7.1 percent of these were formal jobs. In total, manufacturing sector jobs had represented 3.8 percent of the 5.9 million total employed population (Central Statistical Office, 2016). As a Student of Econometrics II, you are tasked to establish the determinants of the growth of the manufacturing sector in Zambia.a) Mention four relevant variables would you include in the model.b) Suppose you collect time series data on the proposed variables, explain the steps that you would take to finally decide which model you would run. Note: Explanation must be within ten (10) sentences.arrow_forward
- Consumer price index helps many people in Qatar? Why.arrow_forwardQuestion 2 Complete the following table for a given country and show how can you determine if the country faces an inflation in 2018? Nominal GDP2017 Nominal GDP2018 Real GDP2018 P P P 4 2 3 4 3 3 4 3 6 2 GDParrow_forwardBesides Inflation, Why are dollars received in the future worth less than dollars received today?arrow_forward
- Search for the “World Economic Outlook Database” on the internet and locate the most recent version. Use this database to select inflation data (units of percentage change) for Germany, Japan, and the United States for the period 1990 to 2010. Construct a table of annual inflation rates for these countries. Now construct a graph using annual inflation rates on the vertical axis and the year on the horizontal axis. Plot the annual inflation rates from your table in three separate lines on the same graph. How would you compare the experiences of these three countries based on your graph?arrow_forwardList the fastest growing economies in the world and tabulate their growth rates, inflation rates,unemployment rates and central bank interest ratesarrow_forwardThe following table shows the annual inflation rate (the GDP deflator) of Japan, the UK, China, and South Sudan in the period 1996-2015 (Source World Bank 1996-2000 2001-2005 2006-2010 2011-2015 -1.9% -0.9% Japan UK -0.5% 1.6% 2.1% 1.7% 1.8% 1.8% China 8.1% 2.4% 2.1% 0.8% South Sudan 54.1% 6.5% 0.6% -18.7% Based on this information, which of the following statements is correct? O In Sudan Price level has always decreased between 1996 and 2015 The general price level decreased in China between 1996 and 2015 O China experienced disinflation between 1996 and 2015 O in the UK, the price of goods and services remained stable between 2001 and 2015arrow_forward
- Conduct a web search and summarize the core-periphery spatial relationship of each of the four countries listed (Nigeria, St. Vincent and the Grenadines, Belize and Japan.) Provide references and explanations please.arrow_forwardDescribe the current state of two economic indicators [ i.e. inflation] in the Philippines and how they affect the economy as a whole. (In an ESS4Y Type)arrow_forwardThe economy of Spain is measured by how many goods and services they produce.true or falsearrow_forward
- Principles of Economics 2eEconomicsISBN:9781947172364Author:Steven A. Greenlaw; David ShapiroPublisher:OpenStax