What is the average annual growth rate in per capita

Assignment Help Macroeconomics

Reference no: EM133393597

The data is in the attachment, and knowledge of Okun's law and Phillips curve is required. Use excel and word to complete the task. thanks for your help

Trends and Convergence
See the "Question 1" sheet with per capita real incomes for three countries-Argentina, Brazil and the United States-from 1880 to 2018. Use charts to support your answers.

What is the average annual growth rate in per capita real income for the three countries over the full period (1880 to 2018)? (No chart needed here, just the numbers).
Based on the data provided, would you conclude that incomes in Argentina are catching-up to those in the United States? Explain the reason(s) for your conclusion.
How would your answer to part (b) change if you only used data for 1880 to 1896?
Based on the data provided, would you conclude the incomes of Argentina and Brazil are converging? Explain the reason(s) for your conclusion.
2. Public Debt-to-GDP Ratio

See the "Question 2" sheet, which gives the public debt-to-GDP ratio for Argentina from 1970 to 2018. What factors can explain the fluctuations in this ratio over time.

3. Current Account Balance

See the "Question 3" sheet with the current account balance for Australia from 1980 to 2020.

Do you see the behavior of the current account balance as a strength or a weakness of the Australian economy? Explain the reason(s) for your answer.
In 2019 and 2020 there was a turnaround in Australia's current account balance. Do you see this as a positive development? Explain the reason(s) for your answer.

Emissions and Income
Okun's Law
Phillips Curve
Summary of the Course
See the "Question 4" sheet with data on emissions and income for four countries.

Describe the evidence on decoupling for the four countries.
Why might the extent of decoupling in Brazil and China be different from that in the United Kingdom and the United States?

See the "Question 5" sheet with data on unemployment and real income for two US states.

Estimate Okun's Law for the two states. Show both the charts and the estimated equations. In which state does Okun's Law hold better?
What factors might explain the difference in how well Okun's Law holds in the two states?

See the "Question 6" sheet with data on unemployment and inflation for two countries.

Estimate Phillips Curve for the two countries using data from 1991 to 2017. Show both the charts and the estimated equations. Would you conclude that the Phillips Curve holds much better in one country versus the other? Explain the reason(s) for your conclusion.
How would your answer to part (a) if you used data from 1995 to 2017?
Summarize the three modules of the course and the links among them. Feel free to use a flow chart or other creative ways to illustrate what the course is about and relationships among the modules and their content.

Reference no: EM133393597

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