This week, you need to refer again to the economic data of the country you chose and relate it to week 3’s material. Specifically, you need to respond to the following questions:
1. What is the country’s unemployment rate? How does it compare to the United States’ unemployment rate? Are they better off or worse off than us?
2. What is the country’s currency? What is the exchange rate with the dollar? Does it have a floating or fixed exchange rate, or does it use the dollar as its currency?
3. Who are its’ main trading partners? Is foreign investment important for them? Does the country have a trade deficit or surplus? What percent of the GDP are exports? (you can just divide the value of exports by the GDP).
4. Using the information about unemployment, inflation (Week 2 report), and trade, what is your general assessment of the country? Are they experiencing stability and growth or an economic crisis? Please use your own words.