An economy’s economic performance reflects global economic conditions and over the past few years all major economies have experienced to varying degrees the global financial crisis and economic downturn. You are required to collect and interpret data on the economic performance of Australia, the United States, and one European economy of your choice.
Q1.
Collect and present (in graph format), annual data showing the rate of growth of real GDP, the inflation rate, and the unemployment rate for Australia, the United States and one European country over the past ten years, 2004-2013.
Using the graphing tool in Excel, present, for each country, a line graph containing all three variables. Label each axis and give your chart a title.
Q2.
What evidence does the data provide of the countries experiencing the economic downturn in recent years? On the basis of the data collected, what similarities and differences are there in the performance of the economies?
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