BU204_02_Russell_Brenda_05

BU204_02_Russell_Brenda_05 - Microeconomics 1 Brenda...

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Unformatted text preview: Microeconomics 1 Brenda Russell BU204 Macroeconomics May 3, 2011 Microeconomics 2 2. Compare the 2010 data for both countries, paying particular attention to a. the items under "E. Memo" near the bottom of each chart, and b. referring to the Economic Issues No 26 report reading, and, c. reading the lecture on Economic Condition in Developing Countries by Professor Abler at http://450.aers.psu.edu/economic_conditions.cfm 1.) Discuss your findings (10 points), and 2.) Your understanding of the factors that cause these two sets of data to be different. Angola 2 0 0 8 2009 2010 A. Re a l Ex pe ndit ure Grow t h 2011 6. 7 5. 3 6. 0 22. 7 7. 5 8. 7 2. 2 0. 7 1. 9 6. 6 0. 3 2. 7 5. 5 6. 7 42. 4 11. 5 16. 3 0. 0 16. 3 54. 2 39. 4 97. 7 18. 9 5, 165. 0 3. 9 102. 0 United States 2012 7. 5 5. 2 7. 1 22. 7 7. 5 8. 7 2. 2 0. 9 2. 1 6. 6 1. 3 1. 8 5. 2 5. 9 42. 7 11. 9 19. 1 0. 0 19. 1 52. 0 38. 0 103. 7 19. 4 5, 341. 9 4. 8 113. 2 1 . GDP a t m a rke t price s 13. 3 0. 7 3. 0 2 . Priv a t e consum pt ion 8. 4 4. 9 5. 1 3 . Gov e rnm e nt consum pt ion 3. 0 16. 3 7. 1 4 . Fix e d inv1.st m e nt 8. 0 e0 14. 1 5 . Ex port s, GNFS 20. 6 2. 4 10. 0 6 . I m port s, GNFS 24. 1 6. 6 8. 5 1 . Priv a t e consum pt ion 3. 4 1. 9 2 . Gov e rnm 1.nt consum pt ion e8 0. 8 3 . Fix e d inv0.st m e nt 0. 5 e1 4 . Ne t e x port 6 15. s 1. 9 2. 1 0. 4 1. 0 8. 2 2 0 0 8 2009 2010 A. Re a l Ex pe ndit ure Grow t h 1 . GDP a t m a0.0 t prices2.6 rke 2 . Priv a t e consum pt ion1.2 0.3 3 . Gov e rnm e2.8 consum1.6 nt pt ion 4 . Fix e d inv 6.4 e nt 18.3 e st m 5 . Ex port s, GNFS 6.0 9.5 6 . I m port s, GNFS 2.6 13.8 1 . Priv a t e consum pt ion0.8 0.2 2 . Gov e rnm e0.5 consum0.3 nt pt ion 3 . Fix e d inv 1.0 e nt 2.8 e st m 4 . Ne t e x port s 0.7 1.2 2011 2.8 2.3 0.2 12.1 8.5 9.5 1.6 0.0 1.6 1.1 1.9 1.5 1.9 2.9 70.8 20.0 13.8 0.2 13.7 13.1 17.5 15,285. 9 315.8 48,410. 2 2.0 1.0 2012 2.9 2.5 0.3 13.0 9.5 11.3 1.8 0.1 1.8 1.3 2.4 2.0 0.4 1.0 70.3 19.4 15.4 0.2 15.3 13.6 18.3 16,092. 4 318.2 50,568. 8 2.1 1.0 B. Cont ribut ion t o GDP Grow t h B. Cont ribut ion t o GDP Grow t h 2.8 2.4 2.0 5.7 15.0 18.8 1.7 0.4 0.7 1.7 0.6 1.7 3.6 7.7 71.4 20.7 12.5 0.2 12.3 12.9 17.2 C. Price De fla t ors 1 . GDP a t m a rke t price s 25. 3 10. 9 2 . Priv a t e consum pt ion 13. 1 7. 0 3 . Ex port s, GNFS 40. 1 19. 2 4 . I m port s, GNFS 24. 1 32. 1 D. Sha re of GDP 17. 5 1. 2 20. 3 0. 4 41. 9 11. 3 13. 8 0. 0 13. 8 57. 1 41. 6 C. Price De fla t ors 1 . GDP a t m a2.2 t price s0.9 rke 2 . Priv a t e consum pt ion0.2 3.3 3 . Ex port s, GNFS 4.7 5.4 4 . I m port s, GNFS 10. 4 10.7 1 . Priv a t e consum pt48. 8 39. 0 ion 2 . Gov e rnm e nt consum pt ion 10. 8 13. 5 3 . Fix e d inv e st m e nt14. 8 16. 0 4 . Cha nge in st ocks 0. 0 0. 0 5 . Tot a l inv e st m e nt 14. 8 16. 0 6 . Ex port s, GNFS 76. 3 52. 2 7 . I m port s, GNFS 51. 2 46. 2 D. Sha re of GDP E. M e m o 1 . Priv a t e consum pt ion 70. 3 70.8 2 . Gov e rnm20. 0 consum pt ion e nt 20.6 3 . Fix e d inv14. 9 e nt 12.2 e st m 4 . Cha nge in st ocks 0.9 0.3 5 . Tot a l inv e st m e nt 11.3 14. 6 6 . Ex port s, GNFS 12. 8 11.2 7 . I m port s, GNFS 17. 8 13.9 1 . Nom ina l GDP ( USD billions) 91. 3 84. 2 75. 5 2 . Popula t ion ( m illions)0 17. 5 18. 18. 4 3 . GDP pe814. 2 a4, 204. 3nt USD 5 4, r ca pit , curre 4, 954. 4 . Re a l pe r ca3 a GDP grow t h 0. 3 10. pit 2. 0 5 . USD Fx ra t e 75. 0 79. 3 91. 9 E. Me m o 1 . Nom ina l GDP ( USD billions)14,597. 1 14,369. 1 14,119. 1 2 . Popula t ion (3 illions) 308. m 310.8 313.3 3 . GDP pe r ca pit a , curre nt USD 46,601. 0 45,423. 0 46,590. 4 4 . Re a l pe r ca pit a GDP grow t h 0.8 3.4 1.9 5 . USD Fx ra t1.0 e 1.0 1.0 I have found out that the United States and Angola are different in many ways. These two countries are different because the united states are the richest country in the world or use to be. And Angola is one of the poorest. The United States drills for oil in Angola. Oil accounts for half of the country's wealth. The United States is a more developed country. Looking at the Real Expenditure Growth is shows that Angola is at 7.5 When the U.S. is at 2.9 but the price deflators are at Angola -1.3 and the United states are ate 1.4. Microeconomics 3 References Angola - United States and Western Europe Political and diplomatic differences Retrieved May 3, 2011 from countrystudies.us/Angola/112.htm ...
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