Answered: growth rates

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter20: Economic Growth In The Global Economy

Section: Chapter Questions

Problem 2P

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7. Calculate the compound annual growth rates of goods exports and GDP of developed,

developing countries, Canada and BRIC for the decade 2006-2016 (just use end years data

to calculate the growth. Present your result either in a table or graphs. What do these growth

rates tell about globalization vs. national economic growth rates for these groups?

8. How have US shares of Canada's exports, and imports of goods and services, and inward

and outward FDI stock changed in the last two decades? Show with two graphs, one for

trade and the other for FDI)

Most of these data can be downloaded from World Bank, UNCTAD and CANSIM databases.

Definition Definition Increase in the amount of goods and services produced by a country in a given period of time compared to an earlier period. Economic growth is generally coupled with a rise in national income or the purchasing power of individuals. It is often measured in terms of the increase in a country's gross domestic product (GDP), or the overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period.

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