Mini Project - DL.docx - Micro Research Project Economics in the Global Economy Economics in the Global Economy Professor LaFauci Student Duyen Thi My

Mini Project - DL.docx - Micro Research Project Economics...

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Micro Research Project – Economics in the Global Economy Economics in the Global Economy Professor: LaFauci Student: Duyen Thi My Le Johnson & Wales University February, 2018 1
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Micro Research Project – Economics in the Global Economy I. Table of Content Questions Pages 1 Identify your assigned nation’s 2015 GDP and GDP per capita 3 2 Report your assigned nation’s most recent rate of Economic growth for 2014. 4 3 Analyze the infrastructure of your assigned nation (developed or undeveloped). 4, 5, 6 4 Analyze the quality of your assigned nation’s labor force based on education literacy rates, and skill levels. 6, 7 5 Identify the resource strengths and weaknesses of your assigned nation. 8,9,10 6 Identify the top two (2) exports and imports of your assigned nation. 11 7 Identify the trade balance of goods and services for your assigned nation for 2014. 11 8 Identify your assigned country’s major trading partner 11 9 Identify your assigned country’s exports as a percentage of GDP for 2014. 12 10 Identify your assigned nation’s currency. 12 11 What is the exchange rate between your assigned nation’s currency relative to the U.S. dollar as of January 15, 2017. 13 12 How would you classify your assigned nation? (A) Post Industrial (B) Industrialized (C) Pre Industrial. Explain! 13, 14 II. Content. 1 Identify your assigned nation’s 2015 GDP and GDP per capita (10) 2
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Micro Research Project – Economics in the Global Economy Australia’s 2015 GDP was 1345.38 billion USD Australia’s 2015 GDP per capital was 54941.9 USD 2 Report your assigned nation’s most recent rate of Economic growth for 2014. (10) Australia’s most recent rate of Economic growth for 2014 was: 2.8% 3 Analyze the infrastructure of your assigned nation (developed or undeveloped) Australia’ infrastructure is defined to include the four sectors of: Transport : with subsectors for urban transport networks, national highways, freight rail, ports and air ports. 3
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Micro Research Project – Economics in the Global Economy a) Demand for urban transport infrastructure is projected to increase significantly. The cost of congestion in our capital cities, estimated at $13.7 billion in 2011, is expected to increase to around $53.3 billion in 2031, or around 290 per cent, in the absence of additional capacity and/or demand management. b) Demand for many key urban road and rail corridors is projected to significantly exceed current capacity by 2031. c) Demand for container terminal port infrastructure and bulk terminal infrastructure are both projected to grow faster than GDP. Traffic through some ports is projected to significantly exceed current capacity by 2031. d) Australia’s 10 busiest airports handle more than 80 per cent of total passenger traffic. Over the next 15 years, additional capacity will be required in Sydney, Brisbane, Perth and Melbourne.
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