Aggregate+Demand+around+the+World

Understanding the indicators used in macroeconomics to measure the success in these three areas is important. In the activity that follows, you will research, define, and explain the various types of inflation, unemployment and economic growth. You will also research and record examples of these indicators from several countries. Finally, you will investigate your OWN country, and determine what precisely makes up the total amount of economic activity in your country.
 * Directions: ** Macroeconomics is an area of study with precise goals attached to it. Macroeconomists generally agree that there are three primary goals towards which policies should be used to try and achieve:
 * Full employment of the nation’s resources, including labor, land and capital.
 * Price level stability, meaning a low (generally between 2% and 4%) inflation rates
 * Economic growth, meaning a year on year increase in the nation’s output of goods and services and the average income of the nation’s people.

** Part 1: ** Using your notes and, answer the following questions. Most of the country data you are asked to find can be found in Welkerswikinomics Study Guide 3.1 the CIA World Factbook. Define and explain the various types of each of the following: ** Part 2: **
 * 1) Define inflation [2 marks]
 * 2) 1 Type [1 mark]:
 * 3) 2nd Type [1 mark]:
 * 4) Research and identify the current inflation rates in [3 marks]:
 * Switzerland
 * China
 * United States
 * 1) Define unemployment [2 marks]
 * 2) 1 Type [1 mark]:
 * 3) 2nd Type [1 mark]:
 * 4) 3rd Type [1 mark]:
 * 5) Research and identify the current unemployment rates in [3 marks]:
 * The UK
 * Germany
 * Spain
 * 1) Define Full Employment and Natural Rate of Unemployment [2 marks]
 * 2) Define economic growth and illustrate the concept of growth using a production possibilities curve [4 marks]
 * 3) Research and identify the most recent GDP growth rates in
 * Nigeria
 * Greece
 * Japan
 * 1) Identify the four components of a nation’s aggregate demand and briefly explain two factors [10 mark]
 * 2)  Research and identify the percentage of // your own country’s GDP // each of the four types of spending account for (as a percentage of total GDP).  Enter your findings into **THIS ONLINE FORM** [5 marks]:
 * 3)  When you’ve completed the form for your own country, ** VISIT THE RESULTS PAGE ** and analyze the data with your classmates.