Question

• Team A: NAFTA vs European Union (world’s 2 largest economic entities)

USE tables and/or graphs to support your analysis of the following economic statistics/indicators of your 2 assigned economies through the most recent year available since 2009 (the trough of the last economic cycle). Whenever possible, plot the metric for both economies on the same chart.

• GDP per capita growth over time

• Inflation rate over time

• Unemployment rate over time

Answer 1

NAFTA and European union are two big economic bloc in the world .

Analysis on GDP

The GDP of NAFTA is more than the EU .The GDP of NAFTA in 2018 was  $24. 36 trillion and for EU was $18.29 trillion .

GDP per capita growth over time (2010 - 2019) for European Union

GDP per capita growth over Time For NAFTA countries

From Above both graph we can say that GDP per capita for NAFTA is more than EU

Inflation Rate for EU over time

2010	2011	2012	2013
1.77%	2.87%	2.61%	1.37%

The inflation for NAFTA countries is

2010	2011	2012	2013
2.52%	3.15%	2.55%	2.07%

from above data when can say the inflation rate for NAFTA is more than EU . One smilirity is that the graph of inflation rate for both bolc follow zig -zag path

Now Unemployment rate for EU

2010	2011	2012	2013	2014	2015
9.9%	9.9%	10.9%	11.4%	10.9%	10.1%

Unemployment rate for NAFTA

2010	2011	2012	2013	2014	2015
7.66%	7.19%	6.76%	6.46%	5.99%	5.5%

Above data we can say that the unemployment rate for NAFTA is less than EU .

The overall analysis we can say that the both EU and NAFTA bloc sucessfull in some aspect like in unemployment rate NAFTA got success .