Calculate the yearly economic growth rate

Assignment Help Microeconomics

Reference no: EM133203219

Assignment:

Tasks

For all the tasks below only use scatter plot diagrams with quarterly or yearly data for at least 30 years.

1. Plot the real GDP for your country and add an exponential trend line with its equation, which reflects the potential GDP. Calculate the yearly economic growth rate and highlight periods of recession and expansions, as well as finding the long run economic growth rate based on the equation of the exponential trend.

2. Plot the inflation rate for your country and add either a linear or exponential trend (whatever you think fits the data in a better way) with its equation. Analyze briefly your graph and equation, highlighting any connections between inflation and GDP during periods of recession and expansions.

3. Plot M1 and M2 for your country, adding either a linear or exponential trend (whatever you think fits the data in a better way), and calculate and analyze both the yearly growth rate for these variables as well as the total average growth rate.

4. Plot the growth rate of M1 (x-axis) and the inflation rate (y-axis) and add a trend line with its equation. Analyze your graph and equation based on the economic theories covered in class.

5. Plot the economic growth rate (x-axis) and the inflation rate (y-axis) and add a trend line with its equation. Analyze your graph and equation based on the economic theories covered in class.

Data Sources

You are responsible to find and download your own data over a period of at least 30 years, but use more data if available. However, you can only use the following data sources (any other sources will not be considered as valid or accurate and you will be penalized in your final mark for this project):

- FRED

- World Bank

- OECD website

- Your selected country's central bank or statistics authority website.

Note: you need to clearly mention the source of your data (with the website link) for each economic variable. Failing to provide the data source will decrease your final mark in this project.

Reference no: EM133203219

Questions Cloud

Summarize the unemployment rate : Summarise in your own words the unemployment rate and related figures for the selected month.

Does the name brand cost more than generic version : Explain why you only buy the name brand. Does the name brand cost more than the generic version? Why is it worth the extra money?

What the cost is of making an erroneous decision : Maurice Micklewhite has decided to replant his garden. Show him what the cost is of making an erroneous decision at various stages of the project.

Develop a transportation improvement plan : Develop a Transportation Improvement Plan (TIP) paper and corresponding Presentation for a supply chain of an organization of your choice.

Calculate the yearly economic growth rate : Calculate the yearly economic growth rate and highlight periods of recession and expansions. Prince Sultan University. ECON 207.

Evaluate effects supply and demand of oil in the oil market : You are asked to evaluate the effects that the following scenarios will have on the supply and demand of oil in the oil market.

Explaining the concepts of marginal analysis : Pay attention to your audience. Remember that you are explaining the concepts of marginal analysis. Rasmussen University.

Describe three major components of money management : Describe three major components of money management and how they can be used in the personal money management process.

Explore the cost concepts affecting managerial decisions : Outline and explore the production and cost concepts affecting managerial decisions: economies of scale, relation between fixed.

User Account

All Pages