present an economic review of the country Venezuela and compare its
macroeconomic data(real GDP per capita and its growth rate, inflation
rates and unemployment rates)with of the United States. The group
presentation should be brief (5 to 10 minutes long) and it should
address the following:1.For this question, you will use
https://fred.stlouisfed.org/to obtain data for your group’s country and
the United States and compare real GDP per capita of thetwo
countries.a.So far, we have learned that we use purchasing power parity
conversion to compare income per capita of different countries. In this
part, pleasegraph Purchasing Power Parity Converted GDP Per Capita for
United States and your group’sassignedcountryon the sameconstant
scalegraphby using Fred’s graphing toolstartingfrom 1960 until 2010.
(Data ID’s are given in the parenthesis for your conveniencefor each
country.Note that you will only use data from twocountries: the assigned
country and the United States.)Purchasing Power Parity Converted GDP
Per Capita (Chain Series) for Venezuela (RGDPCHVEA625NUPN)b.Briefly
describeand interprethow real income per capita of the countryare
compared to the United States. How does itchange over time? What are the
differences and similarities you see between these two countries?Does
it seems like it is catching up or passing the United States?c.Now,
graph the same data series from part a on the same proportional (log)
scale graph. (You can do this by clicking “Edit Graph”, then “Format”.
Under “Format”tab, you have toput a checkmark by clicking where it says
“Log Scale: Left”.)d.Briefly describe and interpret the log scale
graph you draw at part c. Howdoes income per capita for thecountry
change over timecompared to the United States? What does the slope of
each line show? Does it seems like it is catching up or passing
theUnited States? Which country is growing faster?e.Interpret the
differences you see in these two graphs.2.What is the inflation ratein
recent years? How do they compare to the United States?3.What are the
unemployment rates in recent years? How do they compare to the United
States?4.Whatare the mainfactorscontributing to the economic growth (or
lack of) in this country? What are the strengths and challenges of this
country’seconomic performance? 5.Please provide references under each
graph or table in the presentation slides. In addition,provide a list of
referencesusedat the last slide of your presentation.Note:For Questions
2-4, you can obtain country specific data from the following
shouldn’t limit yourself with these data sources. These are to give you
a starting point. If these websites do not have the data you are
looking for, you can try to obtain data from the country’s statistics
agency as well. put the chart in powerpoint and clearly match and order
key points in paper to graphs and power points
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