Wednesday, April 24, 2019

Elliott Conely
Dr. Quillin
Econ HL


4/23/2019

3. Using the data on oecd.org, find the following statistics for your country for the most recent year available and post them on your blog:
  1. exports as a % of GDP
    1. gdp=874 billion
    2. exports=663 billion
    3. exports as a % of GDP=  %75.85
  2. general government spending as a % of GDP
    1. %42.5 of GDP
  3. net investment in nonfinancial assets as a % of GDP (find this on the World Bank Open Data site)
    1. 1.5%
  4. tax revenue as a % of GDP
    1. 38.8%
  5. the savings rate as a % of GDP
    1. 12%
  6. imports as a % of GDP
    1.  74%

Based on these figures, which were greater, injections or leakages in the economy?

Based on these numbers there seems to be low injections because exports are roughly 2% higher than imports
4. Create a graph of GDP in your country over the past 20 years and post it to your blog.



Based on the graph, which part of the business cycle does you country appear to be in?

It appears to be in a peak, it has been in expansion for two years and the economy has reached similar peaks in the past.
It is also possible that the economy may continue to recover and reach 932 billion high it reached in 2008.



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