(Solved): Can you please do China and Canada? Thank you!!! BU204-2: Examine macroeconomic aggregate indicato ...

Can you please do China and Canada? Thank you!!!

BU204-2: Examine macroeconomic aggregate indicators, such as the GDP, inflation rate, unemployment rate, and their implications on the national economy. 1. Using the procedures described in the Unit 3 learning activity and listed in the World Bank Research Steps document, collect the data requested below from the World Bank for the year of 2000 and for the year of 2015 . a) Selecting Canada and China, 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 : i) Industry (including construction), value added (\% of GDP) ii) GDP (constant 2015 USS) iii) GDP per capita (constant 2015 US\$) iv) Population, total v) Employment in agriculture (\% of total employment) (modeled ILO estimate) vi) Employment in industry (\% of total employment) (modeled ILO estimate) vii) Employment in services (\% of total employment) (modeled \( \mathrm{ILO} \) estimate) viii) Employment to population ratio, over 15 years of age total percentage. ix) Land area (sq. km) b) For each country, calculate the percentage differences between the year 2000 and the year 2015 for each set of data. c) Calculate the percentage difference between Canada and China for the year 2015 for each of the data elements. 2. In a 400-500-word essay and using at least one outside source, explain WHY you think these values in the data for question 1 differ between the two countries? How does long-run economic growth operate differently between these two countries. UNIT 3 - BU204 - MACROECONOMICS 3 3) Imagine 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.