Answer to Question #204793 in Macroeconomics for gurpreet

Question

Using the World Bank’s World Development Indicators database, https://databank.worldbank.org/home.aspx, a) Complete the following table. 2006 2009 2014 2019* GDP per capita (current) Australia China India U.S. GDP growth rate Australia China India U.S. Inflation rate Australia China India U.S. *or latest available year 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 economies

Answer 1

(a)

(b)Plot for GDP

plot for GDP growth rate

(C)

US is the fastest growing economy followed by Australia then China , then India. India is the slowest in economic growth due to due to quite a higher percentage of inflation as compared to the other countries.