Homework Project 1

1. With this question, you will need to download the necessary data from World Economic Outlook 4/2022
Database

https://www.imf.org/en/Publications/WEO/weo-database/2022/April

a) Download the following variables for Vietnam, Philippines, and the USA:

Subject Descriptor Units

Gross domestic product, constant prices National currency
Gross domestic product, constant prices Percent change
Gross domestic product, current prices National currency
Gross domestic product, current prices U.S. dollars
Gross domestic product, current prices Purchasing power parity; international dollars
Gross domestic product, deflator Index
Gross domestic product per capita, constant prices National currency
Gross domestic product per capita, constant prices Purchasing power parity; 2017 international dollar
Gross domestic product per capita, current prices National currency
Gross domestic product per capita, current prices U.S. dollars
Gross domestic product per capita, current prices Purchasing power parity; international dollars
Gross domestic product based on purchasing-power-parity
(PPP) share of world total Percent
Implied PPP conversion rate National currency per current international dollar
Total investment Percent of GDP
Gross national savings Percent of GDP
Inflation, average consumer prices Index
Inflation, average consumer prices Percent change
Inflation, end of period consumer prices Index
Inflation, end of period consumer prices Percent change
Volume of imports of goods and services Percent change
Volume of Imports of goods Percent change
Volume of exports of goods and services Percent change
Volume of exports of goods Percent change
Unemployment rate Percent of total labor force
Population Persons
General government revenue Percent of GDP
General government total expenditure Percent of GDP
General government net lending/borrowing Percent of GDP
General government gross debt Percent of GDP
Current account balance U.S. dollars
Current account balance Percent of GDP
 b) Graph the variable “Gross domestic product, current prices” against time for all three countries in one
graph. Provide ONE sentence to indicate the most outstanding development you see in this graph.

Gross domestic product, current prices in 2020

25000

20000

15000

10000

5000

0
US Vietnam Philippines

U.S. dollars Purchasing power parity; international dollars

c) Graph the variable “Gross domestic product per capita, current prices” for all three countries in one graph.
Provide ONE sentence to indicate the most outstanding development you see in this graph.

Gross domestic product per capita, current prices in 2021

80000

70000

60000

50000

40000

30000

20000

10000

0
US Vietnam Philippines

U.S. dollars Purchasing power parity; international dollars

 d) Try using both the left and right vertical axes and change the unit of measurement on these axes to increase
the visibility of the message you aim to stress.

2. With this question, you need to download the GDP data from the Maddison Database.

https://www.rug.nl/ggdc/historicaldevelopment/maddison/releases/maddison-project-database-2020?lang=en

a) Graph the variable GDP per capita against time for the United Kingdom, the USA, Vietnam, China, and the
Philippines. You could create multiple graphs if neccesary.

GDP per capita in 2018

60000

50000

40000

30000

20000

10000

0
United Kingdom The USA Vietnam China Philippines

gdppc

b) State ONE important fact you see from these graphs.