Answer to Question #226592 in Macroeconomics for Mariam

Question

(a). Graph the percentage change in GDP per capita (constant 2010 US$) for Malaysia, Vietnam, and Thailand over the period 2005 to 2019. (i). Using a chart, compare the performance of the selected countries based on the percentage changes in GDP per capita over the period 2005 to 2009. (ii) Briefly explain in your own words the possible causes of the sharp drop in GDP per capita in 2011, 2013-2014, and 2008-2009 for at least one selected country. (iii). Explain in your own words why the trends in GDP per capita over the periods differ for the selected countries. Answer this question using the World Bank World Development Indicators database, accessible at https://databank.worldbank.org/source/world-development-indicators#. Note: Report a table containing the percentage changes for each year from 2006 onwards. Words and numbers in the reported table are excluded from the word count.

Answer 1

a)

I)The economic performance of the countries was not good as the GDP kept on declining.

ii)The sharp drop WA caused by reduced productivity.

iii)The trends differ because each country is involved in different sectors of production and has different populations