?????Group Homework 1
???ECON-125 Principles of Macroeconomics
?? (5 points – It will be added to your midterm grade)
????Due Date: 24th March, 2016, 11:59pm
Working with Data

The purpose of this project is to allow you the opportunity to collect and analyze publicly available macroeconomic data. Developing skills for understanding and analyzing macroeconomic data can potentially help you in later business and economics coursework or in your future employment.

This is a group project and you will be working in groups. The country you will be working on will be assigned in class. It is up to you on how you want to divide up the work. Each member of the group will be getting the same grade. Please ask question if something is not clear.

Data Source: You will find the relevant data in
http://databank.worldbank.org/data/views/variableselection/selectvariables.aspx?sourc1.e=world-development-indicators

Click on the country, series and time tab to select the countries, variables and years needed for the assignment. Then click download button at rightmost corner of the page and then when prompted click download again.

You will be using Excel for this assignment. All graphs constructed should be in Excel. You should then copy and paste the figures in a word file and submit a hardcopy to me. Please make sure to label the graphs properly.

1. Download and the time series of GDP deflator and Consumer Price Index (CPI) for the years available and calculate the inflation rate using both the measures. Plot the inflation rates from both measures in a time-series graph. Is the inflation rate from the two measures same?
2. Using any of the above price level, calculate the real GDP and plot a time-series graph. Can you identify the business cycle? Name one period (year or years) when the country went through recession. Can you tell me why the country went through recession at that period?
3. Now find the real GDP per person, life expectancy at birth and infant mortality rate of the UAE, Canada and Yemen for the latest available year.
a) Present your information in the following format:
Country
Real GDP per capita
Year (data available)
Life expectancy
Year (data available
Infant Mortality
Year (data

b) Do you see a relationship between the three variables in the three countries?

?????Group Homework 1
???ECON-125 Principles of Macroeconomics
?? (5 points – It will be added to your midterm grade)
????Due Date: 24th March, 2016, 11:59pm
Working with Data

The purpose of this project is to allow you the opportunity to collect and analyze publicly available macroeconomic data. Developing skills for understanding and analyzing macroeconomic data can potentially help you in later business and economics coursework or in your future employment.

This is a group project and you will be working in groups. The country you will be working on will be assigned in class. It is up to you on how you want to divide up the work. Each member of the group will be getting the same grade. Please ask question if something is not clear.

Data Source: You will find the relevant data in
http://databank.worldbank.org/data/views/variableselection/selectvariables.aspx?sourc1.e=world-development-indicators

Click on the country, series and time tab to select the countries, variables and years needed for the assignment. Then click download button at rightmost corner of the page and then when prompted click download again.

You will be using Excel for this assignment. All graphs constructed should be in Excel. You should then copy and paste the figures in a word file and submit a hardcopy to me. Please make sure to label the graphs properly.

1. Download and the time series of GDP deflator and Consumer Price Index (CPI) for the years available and calculate the inflation rate using both the measures. Plot the inflation rates from both measures in a time-series graph. Is the inflation rate from the two measures same?
2. Using any of the above price level, calculate the real GDP and plot a time-series graph. Can you identify the business cycle? Name one period (year or years) when the country went through recession. Can you tell me why the country went through recession at that period?
3. Now find the real GDP per person, life expectancy at birth and infant mortality rate of the UAE, Canada and Yemen for the latest available year.
a) Present your information in the following format:
Country
Real GDP per capita
Year (data available)
Life expectancy
Year (data available
Infant Mortality
Year (data

b) Do you see a relationship between the three variables in the three countries?