Comparative Analysis of Economic Factors of Different Countries

This report conducts a comparative analysis of economic factors, specifically focusing on economic growth, inflation rates, and unemployment rates across Australia, Canada, New Zealand, and the United States from 2006 to 2018. The analysis involves collecting and tabulating data on nominal GDP, inflation rates, and unemployment rates for each country over the specified period. The report examines the impact of the global financial crisis (GFC) on the economic performance of each nation, highlighting the varying degrees of impact and the responses taken by each country. The study explores the relationship between economic growth, inflation, and unemployment, discussing how changes in GDP growth influence inflation and unemployment rates within each country. The report concludes by summarizing the economic trends and drawing comparisons among the selected countries, emphasizing the challenges and successes faced by each in managing their economic conditions. The analysis also examines the relationship between economic growth and the implementation of economic policies, as well as the influence of factors such as crude oil prices and technological advancements on economic performance.