Measuring the Macroeconomy

Examine macroeconomic aggregate indicators, such as the GDP,
inflation rate, unemployment rate, and their implications on the
national economy.
This assessment deals with how economists measure various nations’
economies using measures such as Gross Domestic Product (GDP). In this
assessment, you will also deal with how to measure the cost of living
changes and rate of unemployment in the economy.
Using the same procedures described in the learning activity and listed in the World Bank Research Steps document,
choose two different countries than the countries chosen during the
learning activity, and perform the same analysis, answering the
questions below. Collect the data requested below from the World Bank
for the year of 2000 and for the year of 2015. The World Bank data is available from the Purdue Center for Economic Education.
Choose any two countries and for each country, download AND LIST the
following data from the World Bank, in an Excel spreadsheet, for both
the year ending 2000 and the year ending 2015:
Industry (including construction), value added
GDP
GDP per capita
Population, total
Employment in agriculture (% of total employment) (modeled ILO estimate)
Employment in industry (% of total employment) (modeled ILO estimate)
Employment in services (% of total employment) (modeled ILO estimate)
Employment to population ratio, over 15 years of age total percentage.
Land area (sq. km)
Correctly calculate the percentage differences for each set of data,
for each country between the year 2000 and the year 2015. Also,
correctly calculate the percentage difference between your two countries for the year 2015 for each of the data elements.
In a 400 – 500-word essay, explain, in detail, WHY you think these
values are different between the two countries and how long run economic
growth operates differently between these two countries.
Assume there is a simple economy where people consume only two
goods, food and clothing, as shown in the table below. Further assume
that the market basket of goods used to compute the CPI consists of 100
units of food and 20 units of clothing.

Yearly Price per Unit
Food
Clothing
2004 price per unit
$8
$20
2005 price per unit
$12
$40

Compute the percentage changes in the price of food and the percentage change in the price of clothing between 2004 and 2005.
Calculate the percentage change in the CPI between 2004 and 2005.
Do you think the CPI price changes affect all consumers in the
economy to the same extent? If not, how do you determine who “wins” and
who “loses” in this particular situation? Explain.
Minimum Submission Requirements
Proper notification of any resubmission, repurposing, or reworking of prior work per the Purdue Global Student Coursework Resubmission, Repurposing, and Reworking Policy Resource.
This assessment should be completed in this template.
Your paper must be written in Standard English and demonstrate exceptional content, organization, style, grammar, and mechanics.
Your writing should be well ordered, logical, and unified, as well as original and insightful.
You should paraphrase the material and use in-text citations to
justify your discussion. Avoid using quotations. Ensure you are properly
paraphrasing from your sources. For a refresher on paraphrasing, view
this short video on paraphrasing and
explore the additional resources prior to starting your assessment. You
can access tutorials, how-to videos, tutoring services, and more by
visiting the Academic Success Center.
You must include one high-quality source, which can
be your textbook. Additional sources can be current Purdue Global
Library sources. Peer-reviewed academic articles, articles published in
journals, textbooks, and library resources found in the “ProQuest
ABI/Inform Collection” database from the Library are examples of
high-quality resources.
Respond to the questions in a thorough manner, providing specific
examples of concepts, topics, definitions, and other elements asked for
in the questions. Your paper should be highly organized and focused.
Be sure to include references for all sources and cite them using
in-text citations where appropriate. Your sources and content should
follow the current APA citation style. Review the writing resources for
APA formatting and citation found in Academic Tools. Additional writing
resources can be found within the Academic Success Center.
Your paper submission should:
Be in the template provided; and
be free of spelling or punctuation errors.

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