Data Analysis - Economic Growth and Unemployment  Year 2010 2011 2012 2013 2014 2015 Economic Growth (%) 2.7 1.7 1.3 2.7 2.5 1.9 Unemployment (%) 9.6 8.9 8.1 7.4 6.2 5.3 Examine the data on the economic growth and unemployment rate for 2010-2015 i)    What trends do you observe In the unemployment rate? In economic growth? ii)   Identify the relationship between Economic Growth and Unemployment, if any. (positive, negative, no relationship) Use the data to justify your choice. iii) Does the relationship observed in part 2 satisfy the economists' view of the relationship between economic growth and unemployment? Use references to support your answer.

Question

Data Analysis - Economic Growth and Unemployment 

Year

2010

2011

2012

2013

2014

2015

Economic Growth (%)

2.7

1.7

1.3

2.7

2.5

1.9

Unemployment (%)

9.6

8.9

8.1

7.4

6.2

5.3

Examine the data on the economic growth and unemployment rate for 2010-2015

i)    What trends do you observe In the unemployment rate? In economic growth?

ii)   Identify the relationship between Economic Growth and Unemployment, if any. (positive, negative, no relationship) Use the data to justify your choice.

iii) Does the relationship observed in part 2 satisfy the economists' view of the relationship between economic growth and unemployment? Use references to support your answer.

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