MAE203 Global Economy - Individual Assignment

MAE203 Global Economy - Individual Assignment

Question 1 [Total = 8 marks: Q1.1 = 3 marks and Q1.2 = 5 marks]
Question 1.1 [3 marks]

The economic performance of countries reflects both domestic and global economic conditions. Ever since the Global Financial Crisis (GFC) – generally between the middle of 2007 and the end of 2009 - all major economies have experienced economic crises and downturns to varying degrees. You are r e q u i r e d to collect and interpret data on the economic performance of Australia, the United Kingdom (UK) and Greece.
Collect and present (in line-graph format), annual data for the period from 2006 to 2017/2018, showing the rate of growth of real GDP, the inflation rate, and the unemployment rate for Australia, the United Kingdom and Greece.
For Question 1.1 you must produce a total of three time-series line graphs: one graph for each economy/country containing all three variables:
(1) the rate of growth of real GDP (GDP growth, annual %),
(2) the inflation rate (consumer prices, annual %), and
(3) the total unemployment rate (annual % of total labor force). Label each axis; give each graph a title and state source of data below each graph. (Suggestion: use different colors for the different variables in each line graph). [Total marks for Q1.1: 3 marks: 1 mark for each graph]
To obtain the required data, access the World Development Indicators (WDI) provided by the World Bank on the following website:
http://databank.worldbank.org/data/home.aspx