Group Project Content Description

Group Project Content Description
Research Paper 3 GDP and Economic Growth

General Requirements – The purpose of the research paper is to compare US and the country assigned to you. It must be 700 to 1000 words in length, using 12 pt. Times New Roman font, written with proper grammar and punctuation. Your paper must be typed, double-spaced with 1″ margins on all sides and submitted through Turn It In dropbox in the iCampus course shell.

Introduction – Define GDP, GDP per capita, and economic growth. Describe common shortfalls of each indicator. What does it fail to measure?

Main part – Find out how countries are ranked by GDP and GDP per capita. Explain the difference in ranking.
Collect data on GDP, GDP per capita, and economic growth in each country over 7-year period minimum (make sure to include pre-recession rates in 2007 or earlier). Provide most current data available. How do countries compare in economic growth trends? What macroeconomic events and policies may explain increases and decreases in economic growth in each country? Did each country have specific economic growth policy during selected period of time? Was policy effective or not?
Describe quality of life index as an alternative measurement of economic well been. How each country is ranked, what factors are taken into account? What are the highest and lowest rated factors for each country?

Conclusion – Find out projected levels of inflation and unemployment for both countries (through the end of 2012 minimum, long-term preferred). How these projections are justified? What economic measures may improve situation if projections are not positive?

Citations – Minimum 5 citations in APA format. Follow this link http://owl.english.purdue.edu/owl/resource/949/01/ and click on Citation Style Chart to view citation rules and examples in APA and other citation styles.

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