ECO202 - CA Essay Example | Topics and Well Written Essays - 1000 words

ECO202 - CA - Essay Example 4. Compare the four countries regarding the Labor Market (Unemployment Rate). The analysis should only cover the period from the beginning of 2008 to the present, and make sure the most recent 2010 changes are addressed. This is a difficult part because instead of reporting and ranking the indicators you must look at them as a whole, in an analytic manner to arrive at conclusions: 5. After reviewing the recent economic indicators for these countries, which is the country that currently has the strongest economic recovery at the present time. Make certain you confine your choice to only one country. 6. What is your prediction about the economic health of the United States over the next 3 to 5 year period? Please confine your comments only to the US economy. The purpose of this paper is to provide an examination and analysis on economic indicators pertaining to United States, Japan, Canada, and the United Kingdom. The format that this paper will utilize is to answer the six questions t hat this paper outlined on the title page through analyzing the nations and then providing insight into the grand picture. 1) The purpose of this question is to provide a comparison of four countries based on output and growth (Real GDP) from the period of 2008 to the present. ... On the other side of the spectrum it could be argued that Japan spent the most amount of time as the lowest performer of the pack of nations, by being at the overall average lowest and reaching the most extreme negative points. Moreover the United Kingdom and the United States both seemed to spend the majority of the time somewhere in the middle (Never spending much time as the highest performer and lowest performers respectively). What can be stated that is that the economic downturn of the 2008-2010 season held a devastating effect on all of the nations with arguably Japan being the most strongly affected and Canada was left performing the best of all the nations. It should also be noted that Japan rebounded to the highest levels of all the nations but this seems to represent an over rebound and the nation has been quickly plummeting over the past year. 2) The purpose of this question is to examine the productivity (Output per worker) of the four nations. Upon early examination it is clear that all the nations seem to follow the same pattern, insofar as when there seems to be a significant tradeoff between which nation seems to hold the highest position. Every single nation held this position at least a few times, and what could be concluded from this is that no one nation seemed to have any sort of competitive advantage over another. However it is also the case that Japan recognized the most significant drop during the economic downturn. What this could arguably translate to is the idea that Japanese industries were more exposed to the effects of a significant depression. It could be that the industries that employed the most people in Japan produced goods or provided services that would