Description
Section I. Macroeconomics -
The macro view has to include the trends in population, economic growth, GDP per capita, inflation, and private consumption. Economic stability should be included. This could be measured by the variation (standard deviation) of the growth rate over the period under study.
The data for this section has to be drawn from the World Bank (World Development Indicators –click on DATABANK on the right in the page below)
http://data.worldbank.org/data-catalog/world-development-indicators
Look up the following variables:
Spain for this I need 2 paragraph
- population, total
- GDP at market prices (current U
- GDP at market prices (constant 2009 US$)
- Household final consumption expenditure (constant 2009 US$) - Inflation, consumer price (annual %)
- Exports of goods and services (current US$) - Imports of goods and services (current US$)
Morocco for this I need 2 paragraph
- population, total
- GDP at market prices (current US$)
- GDP at market prices (constant 2009 US$)
- Household final consumption expenditure (constant 2009 US$) - Inflation, consumer price (annual %)
- Exports of goods and services (current US$) - Imports of goods and services (current US$)
Give your personal opinion based on the numbers for each country.
The first part consists of an assessment of the economies of Spain and Morocco over the period 2000-2016 and compare it to the US over the same years. This will comprise collecting and analyzing data.
For the intelligence gathering there are three key areas of interest:
- General macroeconomic and demographic indicators.
- Institutional development.
- Trade integration (globalization).
Section II. Institutions -
A fundamental aspect for understanding a country’s level of development concerns the quality of its institutions (rule of law, property rights, government effectiveness, etc.). Institutions have been found to be a critical element in the economic performance of a country or a region.
The analysis for this section has to be based on the Worldwide Governance Indicators. Discuss the two that are more important for your business venture, and also create an aggregate one by averaging the six components into one (use the absolute scores not the relative ranking). You can access them in the following URL http://info.worldbank.org/governance/wgi/index.aspx#home
what I want you to do are the following
2 paragarph for spain based on the information above, 2 paragarph for Morocco based on the information above ... personal opinion 2 paragarph in section 2 please do 2 paragarph based on the information above
Explanation & Answer
Here you go. In case of any further inputs, please let me know.All the best!I appreciate working with you!
Running Head: MACRO ECONOMICS
1
Macro Economics
Name
Course
Tutor
Date
MACRO ECONOMICS
2
Gross domestic product is a term used to refer to the monetary values of all finished
goods and services produced with a given country in specified time period.it can be calculated
quarterly, monthly or annually. However, the calculation of GDP includes private consumption,
public expenditure, investments and in most cases it covers all economic activities by the
government of given country.
Spain has the 14th largest economy in the world according to the data from the World
Bank in 2009, the GDP of Spain stood at 32,333.47 USD.The growths has been tremendous
hitting an all-time growth in 2016 of $1.252 trillion and $1.768 trillion in 2017.the GDP growth
was 3.2 in2016 (Ioana-Iulica, M. 2013).The household consumption trend in Spain as from the
year 2009 to 2014 are as below
Household final consumption expenditure from 2009-14 in millions
2009
$14775
2010
$14744
2011
$14346
2012
$ 13833
2013
$13454
2014
$ 13651
Most significantly, the imports record...
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