Explain-how-and-why-each-economic-metric-varied-during-the-course-of-the-Great-Recession-

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PLEASE SEE ATTACHED “A1 The Great Recession Guidance” FOR FULL DETAILS OF ASSIGNMENT and GRAPHS/DATA REQUIRED.

Begin by choosing a country of interest from those listed in Marthinsen Appendix 1-1 (LIST ATTACHED) (Excluding the United Kingdom as it is provided as an example). Using the International Monetary Fund’s (IMF) World Economic Outlook database, obtain the following economic metrics for the years 2007 to the present: 1. Gross Domestic Product, 2. Investment, 3. Saving, 4. Inflation, 5. Unemployment rate, and 6. Government debt. Data for some countries may be incomplete. If so, please choose another country.

For this assignment, begin with an introduction explaining the purpose of the paper and the country chosen. Then, present these metrics graphically so that relationships to the contraction and subsequent expansion in GDP are apparent. Detailed guidance on how to create a graph in MS Excel is provided (ATTACHED). The IMF database allows for several choices for the computation of each metric, so notes to the graph and in raw data should specify what the metric measures, for example, year over year percentage change in GDP. Next, explain how and why each varied during the course of the Great Recession. Determine whether each indicator (except GDP, which is the measure of the recession) is procyclical, countercyclical or acyclical. Did the indicator move as the discussion in Marthinsen (see Exhibit 4-9 ATTACHED) suggested? If not, suggest a reason.

When interpreting the data, keep in mind that some indicators are computed as a year over year percentage change. If GDP, for example, drops from a 5% year over year increase in one year to zero percent (0%) in the next, then GDP remained unchanged over the two year period. Similarly, some indicators, such as Savings, are computed as a percentage of GDP. If Savings as a percent of GDP showed no change from one year to the next, but GDP declined, then the Savings declined with GDP.

The paper should be in APA format. Use an APA style guide such as the Purdue Online Writing Lab. Purdue OWL also includes an APA sample paper which may be helpful. Do a search within the Purdue OWL website for “sample APA paper.” The paper should not exceed four pages excluding a title page and reference list and appendix. The graph of the economic indicators should be placed in the body of the paper for easy reference but the raw data is best suited for an appendix.

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