Compare And Contrast Of Macroeconomic Indicators

Comparison and Contrast of Macroeconomic Indicators
US-UK-Ukraine-Rwanda

Grant Willis Ackerman-Mike Peretolchyn

SECTION 1
US GDP COMPOSITION-2013

VALUE

Personal Consumption Expenditures

PERCENT OF GDP

$11,490,000,000,000

68.44%

Gross Investment

$2,600,000,000,000

15.49%

Total Government Purchases

$3,080,000,000,000

18.35%

Total US Exports

$2,064,000,000,000

N/A

Total US Imports

$2,446,000,000,000

N/A

-$382,000,000,000

-2.28%

CALCULATED GDP

$16,788,000,000,000

100%

REPORTED GDP

$16,770,000,000,000

Net US Exports/Imports

US GDP GROWTH
2012 Nominal GDP

$16,160,000,000,000

2012 Deflator

105.82

2012 Real GDP

$15,271,215,271,215

2013 Nominal GDP

$16,770,000,000,000

2013 Deflator

107.3

2013 Real GDP

$15,629,077,353,215

PERCENT CHANGE-NOMINAL

+

3.77%

PERCENT CHANGE-REAL

+

2.34%

*All formulas and calculations can be found in Appendix A

SECTION 2
USA

1992

CPI

138.1 142.6 146.2

177 220.22

71.2 72.85 74.38

86 103.92

GDP Deflator

1993

1994

2002

CPI Change

3.3%

2.5%

Deflator Change

2.3%

2.1%

2011

PRODUCT

1987

2015

0.5

1

Doritos ($)

0.69

2

CPI

100

252

Coke ($)

*All formulas and calculations can be found in Appendix A

SECTION 3
1980
Real GDP (trillions of $)
Population (millions of people)
Real GDP Per Capita ($)
Growth

1990

1992

2000

2003

2010

2011

6.5

8.91

9.41

13

13.53

14.94

15.19

227.22

249.29

256.51

282

290.11

309.33

311.59

28,133.39

35,981.09

35,957.07

44,629

45,335.2

47,671.03

48,107.14

+

27.89%

+

24.03%
+
6.82%
*All formulas and calculations can be found in Appendix A

SECTION 4
NATION
(2013 DATA)

RGDP
/PC

LIT

LIFE EXPEC INFANT
(2012)
MORT/1K

PHYS
/1K

INCOME
TOP 0.1

INCOME
BOT 0.1

MOBILES
/PC

INTERNET
/100

TELEVISIONS
/PC

USA

$53,041.98

99%

79.8 YR

6.1

2.42

73.1%

< 0.1%

0.91

84.2

0.687

United Kingdom

$41,787.47

99%

81 YR

4

2.77

53%

< 0.1%

1.32

89.8

0.476

Ukraine

$3,900.47

99.7%

68 YR

8

3.52

22.04%

4.2%

1.18

41.8

0.397

Rwanda

$638.67

71.1%

60 YR

59.1

0.06

43.22%

2.13%

0.34

8.7 0.00008 (1997)

*All formulas and calculations can be found in Appendix A

A

nother method with which we might compare these countries in terms of standard of living could be the percent of the population living below the poverty line. These do vary from nation to nation, but still can provide a general estimate as to the proportion of impoverished individuals compared to the rest of the population. Using data from 2012,
Ukraine had the lowest poverty rate, with
9.1%. This was followed by the United
Kingdom with 15.2% and the US with
15.9%. Rwanda had the highest poverty rate, with a significantly large 44.9%.
However, Ukraine’s seemingly low poverty estimate has recently come into question.
The United Nations currently estimates their poverty rate to encompass roughly a quarter of their population.
This selected range of indicators provides a great deal of insight into the quality of life within these nations. By no means is this a comprehensive list, but the general

trends that emerge from the different indicators do give us a basic picture of quality of life.

life expectancy, less income inequality, and more mobile and internet connections. This overwhelming body of data earns the United Kingdom the top position in this ranking of quality of life.

Taking these emerging trends into account, a rough ranking in terms of quality of life becomes evident. Rwanda takes the last position, as it has far fewer physicians, mobile phones, and internet connections than the other nations, as well as having the lowest literacy rate and by far the highest infant mortality rate.

Ukraine, then, comes in third, after the
United States. With a real GDP per capita
13 times smaller than that of the US, as well as having a shorter average life span and far fewer internet connections, the
United States clearly is second in terms of quality of life.

However, as soon as we begin to look at the remaining three nations,

Show More

Compare And Contrast Of Macroeconomic Indicators

Related Documents: Compare And Contrast Of Macroeconomic Indicators

Slater Collective Bargaining Essay