Economics

Your task Is to collect data for your senior partners to produce a report for the company’s clients.

Your boss asks you to complete the data table below. There are five categories of data that you need to find: l. GAP and economic growthII. Macroeconomic indicatorIll.

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International dataIV. PeopleV. DevelopmentIn this assignment, you need to select one developed country (advanced economy, not Asian country), one developing country (non-HEAP), and one HEAP (the Hopes are Japan, Taiwan, South Korea, Singapore, Hong Kong, Malaysia, Indonesia, and Thailand).List the countries that you select Into the country choice table. To collect data, you will go to CIA World Fastback and use the 2013 data (if 2013 data is not available, use the most recent one).Go to “Guide to country comparison” ? Click Economy under Categories. Scroll down and you will find most of all the information you need for parts l, II, Ill and V. Then, select People under Categories.

You will find information for People category (part IV) o If you cannot find the data you are looking for In the country comparison page, you can look up each country data.Go to Select a Country of Location ? Click Japan (for example). Click Economy under Categories. Scroll down and you will find most of all the information you need for parts l, II, Ill, and V. Go back and select People under Categories. You will find information for People category (part IV).

O For part Ill, you need to do some calculations.To calculate the Trade balance and the Openness of a country: o Trade balance = o Openness = (Exports + Imports)/total GAP. Note that the World Bank Country Classification by Income can be found online at the World Bank website or in our lecture note.What is the income class of the selected country? After completing all tables, write a few sentences to describe your data. I am looking for how much you understand the data you collected and how well you are able to interpret the data. Imagine that you are explaining economic data to some general audience who may not know much economics. If you are not sure of how much you need to write, you should lean toward writing too much than too little.