Economics Assignment Sample (docs)
Added on 2021-06-16
16 Pages3025 Words88 Views
Running head: ECONOMICS ASSIGNMENTEconomics assignmentName of the student:Name of the University:Author note
1ECONOMICS ASSIGNMENTTable of ContentsIntroduction:....................................................................................................................................2Sectors of economy:........................................................................................................................2Macro measurements:......................................................................................................................4GDP:.............................................................................................................................................4Unemployment:............................................................................................................................5Inflation:.......................................................................................................................................6HDI:.............................................................................................................................................8Non macro measurement:................................................................................................................8Ease of doing business:................................................................................................................8Consumer confidence:..................................................................................................................9Disposable income:....................................................................................................................10Life expectancy:.........................................................................................................................11Comparison of standard of living:.................................................................................................12Conclusion:....................................................................................................................................13
2ECONOMICS ASSIGNMENTIntroduction: India and Germany are two developing nations that have been facing a good amount ofgrowth since the last two decades. Indian is one of the developing nations, whereas Germany isanother nation that has a well-developed social market. Though both of the nations have showndrastic development during the last two decades, both of them have a different growth path.According to the Purchasing Power Parity (PPP), Germany rank 4th and on the other hand Indiaranks third highlighting the similarity between the two economies (Storm and Naastepad 2015).Considering the Gross Domestic Product (GDP) value of two nations, it can be seen that both thestate has a small amount of difference (Lindo-McGovern 2016). Well, though themacroeconomic figures of the states are almost identical, microeconomic figures differ on a largescale for both of them. Under this situation, this report is meant to analyze these two states andfocused on providing a comparative review of the economy of them. Through analyzing themacroeconomic and microeconomic structure of the two states, this report will provide light onthe various aspects of these economies. Sectors of the economy:The economy of India is the 6th largest economy according to the nominal GDP, andwhen it comes to PPP, then the economy is third in the world. According to the per capita GDPvalue at a nominal rate, the state ranks 141st, and if the PPP model is considered, then it ranks123rd in the world making it a big yet middle-income group economy (Perdikis 2018). India isone of the middle category economies due to the fact that it has world’s second largestpopulation next to China and in addition to this, with 33.0 Gini coefficient Indian economy hasshowcased that most of its money is possessed by a small section of the population (Hooda2018). Eventually, with the bases in the wealth distribution, the state has become a middle-
3ECONOMICS ASSIGNMENTincome group economy, where it suffers largely from the unequal wealth distribution and lack ofemployment. According to the latest statistics, India is largely dependent upon its agriculturalsector that provides 17.32% share to the GDP and 47% employment. Secondary sector of theeconomy is accounted for 29.02% share of GDP, and it produces 22% job out of the total jobcreation in the economy. Tertiary shares largest portion to the GDP (Bragoli and Fosten 2018). Itis accounted for 53.66% of GDP share out of total GDP. However, it produces only 1% of thejob out of the total available job (Sindhuja et al. 2018). These figures of the GDP share and jobemployment indicates that the Indian economy is growing at a substantial rate towardsdevelopment, however, with the low GDP share from the tertiary sector has constrained it frombeing a developed nation. Additionally, the vast amount of population and rise in the birth ratearound the state has been dampening the demographic situation of the population of the state.Coming to Germany, it can be seen that it is a highly developed social market economy.Though it has troubled past, however, presently Germany ranks 1st among the European Unionmember countries according to its economic value. From the world perspective, it can be seenthat presently it is the 4th largest economy in the world according to the GDP value and if theGDP at PPP value is considered, then it ranks 5th (Lauk 2018). According to the 2017 data,Germany is accounted for 28% of the euro economic area, and it is the founding member ofEurozone that has aided its economy to have a large amount of growth (Lee and Werner 2018).Considering the GDP per capita in PPP model, it can be seen that Germany ranks 17th in theworld and it has low Gini coefficient compared to India. With Gini index of 30.7, it can be seenthat Germany too has the wide extent of biasedness, when it comes to wealth distribution.However, the situation is not as bad as India (Heinisch and Scheufele 2018). GDP share ofGermany from the agricultural sector is as low as 0.7%, and the secondary sector is accounted
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
Reasons For Rapid Expansion Of Chinese Economylg...
|6
|1317
|18
Economic Analysis for Managers PDFlg...
|39
|1315
|118
Analysis of Australia’s Macroeconomic Factors: Production Output Performance, Unemployment, Inflation and Pricelg...
|14
|3213
|250
Report on GDP and Economic Growth in Australialg...
|15
|3182
|80
Impact of India on Global Businesslg...
|38
|10232
|299
Analysis of economic growth of Australia in the last 3 to 5 yearslg...
|19
|3601
|449