Econ Essay
Question 1.
Collect and present (in graph format), annual data for the years 2006 to 2014 showing the rate of growth of real GDP, the inflation rate, and the unemployment rate for Australia, the United States and one Euro-zone economy of your choice.
Using the graphing tool in Excel, present three time-series line graphs: one for each economy containing all three variables. Label each axis, give your chart a title and state source of data.
Graph 1: The 2006-2014 data of the GDP annual growth rate, the inflation rate, and the unemployment rate of Australia
Source: data. World bank.org. Graph 2: The 2006-2014 data of the GDP annual growth rate, the inflation rate, and the unemployment rate of the United States …show more content…
In Graph 4, it can be seen that since 2007, the GDP annual growth rates of Australia, the United States and France have been decreasing sharply. In 2009, the GDP annual growth rates reached the lowest and started to grow slowly. In 2008, the inflation rate of Australia, the United States and France reached the highest point and started to fall in 2009 when the GDP annual growth rate of the economies started to grow again. Also, in 2008, the