Question

s an employee of a company that is considering investing in a foreign economy, you have been asked to research a country and make a presentation to your colleagues about an area of economic concern in the country. Select a country in Africa, Asia, or Latin America to research. Select 1 of the following economic concerns to research: Gross Domestic Product (GDP) Unemployment Inflation Quantities of specific goods and services Exports and imports Research data sets for the one economic concern within the country that you have chosen. Write a 5-page report, and answer the following questions: What are 2–3 relationships between the economic concern you selected and that specific country's economy? Support your discussion of the trends with statistical evidence. Use graphs and/or data tables of the variables you chose in the discussion. What trends do you see in the data sets? Please explain.

Answer 1

I want to choose a country, India, in Asia. According to the list of economic issues, I am going to study about an economic problem: unemployment. All countries face the problem of unemployment. However, the issue of unemployment is a major problem in some developing and developing countries.

This is a big problem in countries like India. So I would like to show based on the price or rate of unemployment rising every day in India and the way the county is trying to manage this.

We know that the largest country in terms of population is China, followed by India. China has no problem with unemployment because they provide all kinds of jobs for the public. Therefore, the price of gross domestic product (GDP) also acts as a decisive value in international markets. This is the main reason why China is a developing country. However, the Indian government has failed to employ the entire population or public in the country due to misuse of strategy. So India is in second place in terms of population but it is still in the developing world and the economic situation is not well established.

I got real data on unemployment rate in India from 2008 to 2017.
After looking at the chart and graph above, we can easily understand how the unemployment problem is changing as it increases and decreases compared to previous years.

The problem of unemployment is increasing every day and often the government fails to control the population and employ all the people in India. India gets a well-designed GDP but this is not a real GDP. If India adopts appropriate strategies to tackle unemployment, the country can defeat the Chinese economy.

Unemployment rate in India from 2008 to 2017 Population Unemployment Incrase or Increase OR Year Percentage Decrease % Decrease 2008 4.12 | 0 Neutral 2009 3.75 0.37 Decreased 2010 3.54 0.21 Decreased 2011 3.53 0.01 Decreased 2012 3.62 -0.09 Increased 2013 3.46 0.16 Decreased 2014 3.41 0.05 Decreased 3.49 -0.08 Increased 2016 3.51 -0.02 Increased 2017 3.52 -0.01 Increased

Chart Title 2009 2010 2011 2012 2013 2014 2015 2016 2017 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Unemployment rate in India from 2008 to 2017 Unemployment Percentage Unemployment rate in India from 2008 to 2017 Incrase or Decrease % Unemployment rate in India from 2008 to 2017 Population Increase OR Decrease