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MAE203 The Global Economy

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Question:

Part A: Data collection, presentation and analysis
 
Q1. Browse the Australian Bureau of Statistics webpage (www.abs.gov.au). Download and plot the seasonally adjusted nominal GDP (in levels) and real GDP (in levels) for the period 1990-2016 (in quarterly frequency) from ‘Table 1. Key National Account Aggregates’. Now using the same Table 1, download and plot the percentage changes of these two GDP series (use trends) for the same time period. From the plots, could you find any relationship between nominal and real GDP in levels and growth rates? Explain your answer.
 
Q2. Go to the World Bank website (http://data.worldbank.org/indicator) and collect and present annual data for the following variables for Australia, China, South Korea, Japan and UK for the period 1991-2016. The variables are: (i) Inflation, consumer prices (annual %) (ii) Unemployment, total (% of total labor force) (iii) Gross capital formation (% of GDP)
 
Present the data in tables. You are free to decide how many tables to use, and which variables/countries to include in each table. Each table must be numbered and have a clear heading/title indicating its contents, and a reference for the source of the data under the table.
 
Use the data to construct the following graphs. Indicate under each graph which table(s) the data came from. Give your graph a title, and make sure to label each of the axis and the variable.

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My Assignment Help. The Global Economy [Internet]. My Assignment Help. 2020 [cited 30 July 2021]. Available from: https://myassignmenthelp.com/free-samples/mae203-the-global-economy/foundations-of-modern-macroeconomics.html.


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