Answer to Question #121996 in Macroeconomics for Sandeep

Question

Using the World Bank’s World Development Indicators database, https://databank.worldbank.org/home.aspx, a) Complete the following table. 2005 2010 2015 2018 GDP per capita (current) Australia China India U.S. GDP growth rate Australia China India U.S. Inflation rate Australia China India U.S. b) Produce a plot for each variable (GDP, gdp growth, inflation) comparing the four countries.
c) What can be inferred with respect to economic growth and price control in each of these country

Answer 1

a).b)

с)inflation and economic growth are normal.

In the event of overheating of the economy spending policies constraining growth