Unit 5 Macroeconomics

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BU204-01: Macroeconomics
Unit 5
June 17, 2013

Unit 5 Assignment

There are 2 parts to this Assignment:

PART 1: Comparing Growth Rates

First, prepare yourself for the Assignment by reading the following three articles or webpages:

Professor Dave Alber’s Lecture can be found in the Doc Sharing area of the course.

Abler, D. (n.d.) Notes for a Lecture on Economic conditions in developing countries. Copyright permission granted September 25, 2010. Khan’s (2001) article by going to the International Monetary Fund Website (see the Webliography).

Khan, M. H. (2001). Rural poverty in developing countries: Implications for public policy. Economic Issues NO. 26. International Monetary Fund. Retrieved July 6, 2012. You can find the most up-to-date report on the World Bank website. (See Webliography).

The World Bank Group. (2012). Prospects for the Global Economy. Washington D.C.

After you have read the items listed above, access the “Data & Research” tab in the World Bank Website and compare growth rates between two countries of your choice. Specifically, select one developed country (such as U.S., England, Canada, Germany, etc.), and select one developing country (such as Angola, Bangladesh, Chad, Nigeria, etc.). Find and transfer their 2007–2011 GDP growth (annual %) data into your Assignment. Identify and explain possible factors that may be adding to the differences between their GDP growth rates.

The two countries that I chose are Canada (developed) and Nigeria (undeveloped). GDP growth (annual %)

Country Name
Indicator Name
2007
2008
2009
2010
2011
Canada
GDP growth (annual %)
2.20002136
0.68872687
2.76976818
3.21494841
2.4596412

Nigeria
GDP growth (annual %)
6.44982811
5.98366359
6.95977806
7.97607496
7.35551671

As a developed country, Canada closely follows the GDP of other developed countries....
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