Economics - FRED’s - Government Debt - Unemployment Rate - Economics Assignment Help

Internal Code: 1ABBBH

Economics Assignment Help

Task: 1 Data collection, presentation and analysis Q1. Go to FRED’s website and download the time series for i) Real GDP at Constant National Prices (Annual, not Seasonal adjusted) and ii) Total Factor Productivity at Constant National Prices for Australia, China, France, Germany, Japan, Spain, United Kingdom, and United States of America, on annual frequency, from 1950 to 2014. Report the exact name and code of the series downloaded. For each Country, plot the series of Real GDP and Total Factor Productivity on the same graph (to adjust for different scales plot one series on primary axes and the other on secondary axes). Using the previous figures, analyse and explain any general relationship you see between real GDP and total factor productivity, in each country. Analyse any similarities. Q2. Visit FRED’s website, find and collect data for the time period 2000-2015, for Australia, Japan, France, and Germany for the following series: (i) GDP per capita (either in National Currency or in 2010 US dollars, Annual, Not Seasonally Adjusted); (ii) total central government debt, total (Percent of GDP, Annual, Not Seasonally Adjusted); (iii) Imports: Value Goods (Percent of GDP, Annual, Not Seasonally Adjusted); and (iv) Government Final Consumption Expenditure (National Currency, Annual, Not Seasonally Adjusted). Present the data in tables. You are free to decide how many tables to use, and which variables/countries to include in each table. Each table must be numbered and have a clear heading/title indicating its contents, and a reference for the source of the data under the table. Using the previous figures describing GDP and government final consumption, analyse and explain any general relationship you see between in the figures for each of the countries. On the basis of the data collected, analyse any similarities and differences in the performance of economies.  Q3. Visit FRED’s website, download and plot information for Australia. In particular download the series on i) Total Unfilled Job Vacancies for Australia (quarterly, not seasonally adjusted) and on ii) Unemployment Rate: Aged 15 and Over: All Persons for Australia (Quarterly, not seasonally adjusted), from  January 1st,  1980, to July 1st 2018. In a graph, plot the two series for total unfilled vacancies  and unemployment rate. Do you see any relationship between unemployment rate and vacancies?                                                                     Short Answer Questions   Q4. Starting from long-run equilibrium, use the basic (static) aggregate demand and aggregate supply diagram to show what happens in both the long run and the short run when there is an increase in government expenditure.