Question

In: Economics

Choose any 2 countries from those listed at the World Bank Compare the 2 countries' recent...

Choose any 2 countries from those listed at the World Bank

Compare the 2 countries' recent macroeconomic performance, focusing on the factors that have influenced aggregate demand and aggregate supply, including inflation, unemployment, and trade.

A

Afghanistan
Albania
Algeria
American Samoa
Andorra
Angola
Antigua and Barbuda
Argentina
Armenia
Aruba
Australia
Austria
Azerbaijan

B

Bahamas, The
Bahrain
Bangladesh
Barbados
Belarus
Belgium
Belize
Benin
Bermuda
Bhutan
Bolivia
Bosnia and Herzegovina
Botswana
Brazil
British Virgin Islands
Brunei Darussalam
Bulgaria
Burkina Faso
Burundi

C

Cabo Verde
Cambodia
Cameroon
Canada
Cayman Islands
Central African Republic
Chad
Channel Islands
Chile
China
Colombia
Comoros
Congo, Dem. Rep.
Congo, Rep.
Costa Rica
Cote d'Ivoire
Croatia
Cuba
Curacao
Cyprus
Czech Republic

D

Denmark
Djibouti
Dominica
Dominican Republic

E

Ecuador
Egypt, Arab Rep.
El Salvador
Equatorial Guinea
Eritrea
Estonia
Eswatini
Ethiopia

F

Faroe Islands
Fiji
Finland
France
French Polynesia

G

Gabon
Gambia, The
Georgia
Germany
Ghana
Gibraltar
Greece
Greenland
Grenada
Guam
Guatemala
Guinea
Guinea-Bissau
Guyana

H

Haiti
Honduras
Hong Kong SAR, China
Hungary

I

Iceland
India
Indonesia
Iran, Islamic Rep.
Iraq
Ireland
Isle of Man
Israel
Italy

J

Jamaica
Japan
Jordan

K

Kazakhstan
Kenya
Kiribati
Korea, Dem. People’s Rep.
Korea, Rep.
Kosovo
Kuwait
Kyrgyz Republic

L

Lao PDR
Latvia
Lebanon
Lesotho
Liberia
Libya
Liechtenstein
Lithuania
Luxembourg

M

Macao SAR, China
Madagascar
Malawi
Malaysia
Maldives
Mali
Malta
Marshall Islands
Mauritania
Mauritius
Mexico
Micronesia, Fed. Sts.
Moldova
Monaco
Mongolia
Montenegro
Morocco
Mozambique
Myanmar

N

Namibia
Nauru
Nepal
Netherlands
New Caledonia
New Zealand
Nicaragua
Niger
Nigeria
North Macedonia
Northern Mariana Islands
Norway

O

Oman

P

Pakistan
Palau
Panama
Papua New Guinea
Paraguay
Peru
Philippines
Poland
Portugal
Puerto Rico

Q

Qatar

R

Romania
Russian Federation
Rwanda

S

Samoa
San Marino
Sao Tome and Principe
Saudi Arabia
Senegal
Serbia
Seychelles
Sierra Leone
Singapore
Sint Maarten (Dutch part)
Slovak Republic
Slovenia
Solomon Islands
Somalia
South Africa
South Sudan
Spain
Sri Lanka
St. Kitts and Nevis
St. Lucia
St. Martin (French part)
St. Vincent and the Grenadines
Sudan
Suriname
Sweden
Switzerland
Syrian Arab Republic

T

Tajikistan
Tanzania
Thailand
Timor-Leste
Togo
Tonga
Trinidad and Tobago
Tunisia
Turkey
Turkmenistan
Turks and Caicos Islands
Tuvalu

U

Uganda
Ukraine
United Arab Emirates
United Kingdom
United States
Uruguay
Uzbekistan

V

Vanuatu
Venezuela, RB
Vietnam
Virgin Islands (U.S.)

W

West Bank and Gaza

Y

Yemen, Rep.

Z

Zambia
Zimbabwe

Expert Solution

I would like to choose two countries India and Pakistan to compare the macroeconomic performance analysis between them. The Economy of India is a developing economy. It is also a mixed economy. India is listed as seventh biggest economy in the World. Indian country placed in 139th place of having nominal level GDP. India occupies second position by having population more than 133.92 crores. The country also has very high youngest population and high productive human resources who have sound English and general knowledge. Pakistan country is the 33rd largest country. This country is characterized by the partial industrial economy and the partial service and agricultural sector. It stands sixth place in procuring armed forces. Pakistan country is also a thickly populated ratio.

At Employment level, Service sector provides ample job opportunities to all educated youth community. Especially BPO sector accounts for 57% GDP. And also India is the major export of IT Software. Other primary and secondary sectors constitutes 43% of GDP. But at the same time, due to increase in cost of living, the purchasing power of the middle and lower middle class people has been drastically reduced the demand for the basic goods. Which in turn reduces the production of the goods and services. Sales volume will be reduce due to less demand and less supply. And also Inflation rate was 5.7% in 2014. This opened the door for unemployment situation to enter it in the critical period. In that particular period unemployment rate was 4.9%. Rise in inflation rate has direct relationship with unemployment rate. This is purely an macroeconomic concept coined with the economic problems prevailing in developing country like India.When the same concept when compared with Pakistan country, we can prove that the country is facing unemployment problems due to following factors - Lack of efficiency governance, Political instability, Supporting terrorist Activities, Overpopulation.

Rahul Sunny answered 1 year ago

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