Posted: September 18th, 2022

ECON

1.
a. Which country have you chosen do your research?
b. Are you working alone, or with others?
c. What are the names of others of your group?

2. Search World Bank Databank and fill in the following table.
https://databank.worldbank.org/source/world-development-indicators

a. Use the Worldbank database to find the following data for 2005, 2010, 2013, 2016 and 2018 (It is ok if data is not found in some years) for USA, Sweden, Australia, Bangladesh, and Burundi. Data for 2005 are given in Table 1.
Table 1. Data for 2005. Extract data for other years.
Country Name Series Name 2005 [YR2005]
Australia Agriculture, forestry, and fishing, value added (% of GDP) 2.9
Australia Industry (including construction), value added (% of GDP) 24.6
Australia Services, value added (% of GDP) 64.4
Australia GDP per capita (current US$) 34081.0
Australia Poverty headcount ratio at $3.20 a day (2011 PPP) (% of population) ..
Australia Poverty headcount ratio at $1.90 a day (2011 PPP) (% of population) ..
Australia Poverty headcount ratio at $5.50 a day (2011 PPP) (% of population) ..
Australia Maternal mortality ratio (national estimate, per 100,000 live births) ..
Australia Maternal mortality ratio (modeled estimate, per 100,000 live births) 5.0
Bangladesh Agriculture, forestry, and fishing, value added (% of GDP) 18.6
Bangladesh Industry (including construction), value added (% of GDP) 23.3
Bangladesh Services, value added (% of GDP) 52.9
Bangladesh GDP per capita (current US$) 499.5
Bangladesh Poverty headcount ratio at $3.20 a day (2011 PPP) (% of population) 65.8
Bangladesh Poverty headcount ratio at $1.90 a day (2011 PPP) (% of population) 25.1
Bangladesh Poverty headcount ratio at $5.50 a day (2011 PPP) (% of population) 89.2
Bangladesh Maternal mortality ratio (national estimate, per 100,000 live births) ..
Bangladesh Maternal mortality ratio (modeled estimate, per 100,000 live births) 343.0
Burundi Agriculture, forestry, and fishing, value added (% of GDP) 40.8
Burundi Industry (including construction), value added (% of GDP) 16.9
Burundi Services, value added (% of GDP) 34.0
Burundi GDP per capita (current US$) 151.7
Burundi Poverty headcount ratio at $3.20 a day (2011 PPP) (% of population) ..
Burundi Poverty headcount ratio at $1.90 a day (2011 PPP) (% of population) ..
Burundi Poverty headcount ratio at $5.50 a day (2011 PPP) (% of population) ..
Burundi Maternal mortality ratio (national estimate, per 100,000 live births) ..
Burundi Maternal mortality ratio (modeled estimate, per 100,000 live births) 814.0
Sweden Agriculture, forestry, and fishing, value added (% of GDP) 1.3
Sweden Industry (including construction), value added (% of GDP) 24.9
Sweden Services, value added (% of GDP) 62.4
Sweden GDP per capita (current US$) 43437.1
Sweden Poverty headcount ratio at $3.20 a day (2011 PPP) (% of population) 1.2
Sweden Poverty headcount ratio at $1.90 a day (2011 PPP) (% of population) 1.0
Sweden Poverty headcount ratio at $5.50 a day (2011 PPP) (% of population) 1.6
Sweden Maternal mortality ratio (national estimate, per 100,000 live births) ..
Sweden Maternal mortality ratio (modeled estimate, per 100,000 live births) 5.0
United States Agriculture, forestry, and fishing, value added (% of GDP) 1.1
United States Industry (including construction), value added (% of GDP) 21.2
United States Services, value added (% of GDP) 74.0
United States GDP per capita (current US$) 44114.7
United States Poverty headcount ratio at $3.20 a day (2011 PPP) (% of population) 1.2
United States Poverty headcount ratio at $1.90 a day (2011 PPP) (% of population) 1.0
United States Poverty headcount ratio at $5.50 a day (2011 PPP) (% of population) 1.5
United States Maternal mortality ratio (national estimate, per 100,000 live births) 13.0
United States Maternal mortality ratio (modeled estimate, per 100,000 live births) 13.0

Data from database: World Development Indicators
Last Updated: 12/16/2021

b. Make as many conclusions as possible from the above data, combining with the corruption perception index of those countries. (You may have to download corruption perception index from https://www.transparency.org/en/cpi/2021)

3.
a. What is the profit maximizing condition faced by a firm in any market condition (perfect competition, monopoly etc.)?
b. Consider a downward sloping demand curve, and a constant marginal cost curve. Show the profit maximizing prices and quantities if..
i. The market is perfectly competitive
ii. The market is a pure monopoly
c. Explain the inefficiency of the monopoly and suitable government action.

4.
a. What are the three major developments in legal doctrine during period from the civil war to the great depression that promoted economic growth in the USA?
b. What are the issues that left unresolved, and had an adverse impact on economic growth?

—

1.

a. In which country did you conduct your research?

c. Are you working on your own or with others?

c. What are the names of the other members of your group?

2. Look up World Bank Databank and fill out the table below.

https://databank.worldbank.org/source/world-development-indicators

a. Use the Worldbank database to find the following data for the United States, Sweden, Australia, Bangladesh, and Burundi for 2005, 2010, 2013, 2016, and 2018 (it is okay if data is not found in some years). Table 1 contains data for 2005.

Data for 2005 are shown in Table 1. Extract data for additional years.

2005 [YR2005] Country Name Series Name

Agriculture, forestry, and fisheries in Australia, value added (percentage of GDP) 2.9

Australia Industry (including construction), value added (% of GDP) 24.6

Australia Services, value added (% of GDP) 64.4

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