Will inflation be major concern for your research countries

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Reference no: EM132277861

Assignment: Scenario: You are a new economic analyst recently hired by White House Foreign Relations Committee to keep the President updated as to the economic status of countries around the world. To this end, you are to collect and compile data and information on two countries: COLOMBIA or PERU plus one more country of your choosing (except the United States).

In your report to the White House, you are to compare and contrast the two countries while addressing each of the following areas:

1. Report on the current rate of INFLATION of your research countries. How does this compare to inflation in other areas of the world? (Note: Saying "It's higher than other areas," or "it's lower than other areas" is NOT sufficient.) Will inflation be a major concern for your research countries? If yes, please explain how/why it will affect the economy. If no, explain why it is not a current concern for the economy.

2. Report on current UNEMPLOYMENT for your research countries. How does this compare to unemployment in other areas of the world? (Again, saying "it is higher than other areas" or "it is lower than other areas" is NOT sufficient.) Do all people seem to be equally affected by unemployment - i.e., are some groups of people more affected by unemployment than others? (for example, women and minorities often have higher unemployment than other groups; in some countries, unemployment differs by region; etc.)

3. Report on the current REAL GDP for your research countries. How does this compare to other countries' real GDP? Now report on the GDP per capita. How does this compare to other countries' per capita GDP? Is your research country's Real GDP ranking consistent with its per capita GDP ranking? If so, why? If not, why not?

4. Report on the rate of ECONOMIC GROWTH that your research countries are currently experiencing. How does this compare to economic growth in other countries? (Again, "it is higher/lower than other countries" is NOT sufficient.) Is this rate of growth consistent with what your country has experienced in the past (is it currently higher than it has been, or lower than it has been?)? Why/why not?

5. Of the first four research areas (above), which area(s) do you feel are the greatest cause for concern for your research countries? Explain.

6. Include a bibliography of all your sources.

Information related to above question is enclosed below:

Attachment:- Scenario.rar

Reference no: EM132277861

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