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September 3, 2022

This assignment will help students master research and other analytical skills and will help students recognize reasons why economic growth varies by country

Comparative and Absolute Advantage

Purpose of Assignment

This assignment will help students master research and other analytical skills and will help students recognize reasons why economic growth varies by country. By using macroeconomic indicators, students will complete analysis and determine comparative and absolute advantage in different product categories for each country’s economy.

Assignment Steps :

Research USA, CHINA and JAPAN using resources such as the CIA World Fact Book, World Bank data, World Trade Organization (WTO), and the Federal Reserve Bank. Research each of your three chosen country’s economic, political, and cultural development.

Discuss reasons why the economic growth of the three countries varies. How does international trade influence the strength of the economy worldwide?

Consider the following in your answer:

Country Real GDP

Country CPI

Country Real Exports

Country Real Imports

Country Unemployment Rate

Country Industrial Production

Cite a minimum of three peer-reviewed sources.

Format the assignment consistent with APA guidelines.

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