ECON

1.

a. Which country have you chosen do your research?

b. Are you working alone, or with others?

c. What are the names of others of your group?

2. Search World Bank Databank and fill in the following table.

https://databank.worldbank.org/source/world-development-indicators

a. Use the Worldbank database to find the following data for 2005, 2010, 2013, 2016 and 2018 (It is ok if data is not found in some years) for USA,

Sweden

,

Australia

,

Bangladesh

, and

Burundi

. Data for 2005 are given in Table 1.

Table 1. Data for 2005. Extract data for other years.

Australia

Australia

Australia

Australia

Australia

..

Australia

..

Australia

..

Australia

Agriculture, forestry, and fishing, value added (% of GDP)

Bangladesh

Industry (including construction), value added (% of GDP)

Bangladesh

Services, value added (% of GDP)

Bangladesh

GDP per capita (current US$)

Bangladesh

Poverty headcount ratio at $3.20 a day (2011 PPP) (% of population)

Bangladesh

Poverty headcount ratio at $1.90 a day (2011 PPP) (% of population)

Bangladesh

Poverty headcount ratio at $5.50 a day (2011 PPP) (% of population)

Bangladesh

Maternal mortality ratio (national estimate, per 100,000 live births)

..

Bangladesh

Maternal mortality ratio (modeled estimate, per 100,000 live births)

Agriculture, forestry, and fishing, value added (% of GDP)

Burundi

Industry (including construction), value added (% of GDP)

Burundi

Services, value added (% of GDP)

Burundi

GDP per capita (current US$)

Burundi

Poverty headcount ratio at $3.20 a day (2011 PPP) (% of population)

..

Burundi

Poverty headcount ratio at $1.90 a day (2011 PPP) (% of population)

..

Burundi

Poverty headcount ratio at $5.50 a day (2011 PPP) (% of population)

..

Burundi

Maternal mortality ratio (national estimate, per 100,000 live births)

..

Burundi

Maternal mortality ratio (modeled estimate, per 100,000 live births)

Agriculture, forestry, and fishing, value added (% of GDP)

Sweden

Industry (including construction), value added (% of GDP)

Sweden

Services, value added (% of GDP)

Sweden

GDP per capita (current US$)

Sweden

Poverty headcount ratio at $3.20 a day (2011 PPP) (% of population)

Sweden

Poverty headcount ratio at $1.90 a day (2011 PPP) (% of population)

Sweden

Poverty headcount ratio at $5.50 a day (2011 PPP) (% of population)

Sweden

Maternal mortality ratio (national estimate, per 100,000 live births)

..

Sweden

Maternal mortality ratio (modeled estimate, per 100,000 live births)

5.0

Agriculture, forestry, and fishing, value added (% of GDP)

United States

Industry (including construction), value added (% of GDP)

United States

Services, value added (% of GDP)

United States

GDP per capita (current US$)

United States

Poverty headcount ratio at $3.20 a day (2011 PPP) (% of population)

1.2

United States

Poverty headcount ratio at $1.90 a day (2011 PPP) (% of population)

1.0

United States

Poverty headcount ratio at $5.50 a day (2011 PPP) (% of population)

United States

Maternal mortality ratio (national estimate, per 100,000 live births)

United States

Maternal mortality ratio (modeled estimate, per 100,000 live births)

13.0

Country Name	Series Name	2005 [YR2005]
								Australia					Agriculture, forestry, and fishing, value added (% of GDP)	2.9
				Industry (including construction), value added (% of GDP)	24.6
				Services, value added (% of GDP)	64.4
				GDP per capita (current US$)	3408 1.0
				Poverty headcount ratio at $3.20 a day (2011 PPP) (% of population)										..
				Poverty headcount ratio at $1.90 a day (2011 PPP) (% of population)
				Poverty headcount ratio at $5.50 a day (2011 PPP) (% of population)
				Maternal mortality ratio (national estimate, per 100,000 live births)
				Maternal mortality ratio (modeled estimate, per 100,000 live births)		5.0
								Bangladesh	18.6
23.3
52.9
499.5
65.8
25.1
89.2
343.0
								Burundi	40.8
16.9
34.0
151.7
814.0
								Sweden	1.3
24.9
62.4
43437.1
	1.2
	1.0
1.6
								United States	1.1
21.2
74.0
44114.7
1.5
	13.0
Data from database: World Development Indicators
Last Updated: 12/16/2021

b. Make as many conclusions as possible from the above data, combining with the corruption perception index of those countries. (You may have to download corruption perception index from

https://www.transparency.org/en/cpi/2021

)

3.

a. What is the profit maximizing condition faced by a firm in any market condition (perfect competition, monopoly etc.)?

b. Consider a downward sloping demand curve, and a constant marginal cost curve. Show the profit maximizing prices and quantities if..

i. The market is perfectly competitive

ii. The market is a pure monopoly

c. Explain the inefficiency of the monopoly and suitable government action.

4.

a. What are the three major developments in legal doctrine during period from the civil war to the great depression that promoted economic growth in the USA?

b. What are the issues that left unresolved, and had an adverse impact on economic growth?