intro macroeconomics

Intro Intro Macroeconomics Macroeconomics

Final Final Paper/ProjectPaper/ProjectNancy SokNancy Sok

Economics 1AEconomics 1A

Summer 2011 – Joel BeutelSummer 2011 – Joel Beutel

IntroductionIntroduction

The following four slides will show The following four slides will show the United States information the United States information regarding about their economic regarding about their economic records. For instance, the GDP, the records. For instance, the GDP, the employment rate, labor force and employment rate, labor force and many more. many more.

The United States of The United States of AmericaAmerica

- United States current data. - Total population: 313,232,044 (July 2011 est.) - Government Type: Constitution-based federal

republic; strong democratic tradition - GDP (Purchasing power parity): $14.66 Trillion

(2010 est.) - GDP (Official exchange rate): $14.66 Trillion

(2010 est.) - GDP (Real growth rate): 2.8% (2010 est.) - GDP (Per capita): $47,200 (2010 est.) - GDP (Composition by sector): - Agriculture: 1.25% - Industry: 22.2% - Services: 76.7%


- Labor force: 154.9 Million (2009) - Farming, forestry, and fishing: 0.7% - Manufacturing, extraction, transportation,

and crafts: 20.3% - Managerial, professional, and technical:

37.3% - Sales and office: 24.2% - Other services: 17.6% - Unemployment rate: 9.7% (2010) - Population below poverty line: 12% - Household income or consumption by percentage

share: - Lowest 10%: 2% - Highest 10%: 30% (2007 est.)


- Distribution of family income - Gini index: 45 (2007)

- Investment (gross fixed): 12.8% of GDP (2010 est.)

- Budget: - Revenues: $2.092 Trillion - Expenditures: $3.397 Trillion (2010 est.) - Public debt: 58.9% of GDP (2010 est.) - Inflation rate (Consumer prices): 1.4 % (2010

est.) - Central bank discount rate: 0.5% (31 December

2009) - Commercial bank prime lending rate: 3.25% (31

December 2009 est.)


- Stock of narrow money: $1.74 Trillion (31 December 2010 est.)

- Stock of broad money: $ 12.39 Trillion (31 December 2009)

- Stock of domestic credit: % 32.61 Trillion (31 December 2009 est.)

- Market Value of publicly traded shares: $ 15.08 Trillion (31 December 2009)

- Industrial production growth rate: 3.3% (2010 est.) - Current account balance: $-561 Billion (2010 est.) est.) - Exports: $ 1.27 Trillion (2010 est.) - Imports: $ 1.903 Trillion (2010 est.) - Military expenditures: 4.06% of GDP (2005 est.) -

https://www.cia.gov/library/publications/the-world-factbook/geos/us.html

The United States The United States compared to Cambodiacompared to Cambodia

The United States statistics in the The United States statistics in the economy is probably considered economy is probably considered excellent among other countries such excellent among other countries such as Cambodia. My parents are from as Cambodia. My parents are from Cambodia, that’s why I choose to Cambodia, that’s why I choose to compare U.S with Cambodia. The compare U.S with Cambodia. The following slides will show Cambodia following slides will show Cambodia statistics in their economy such as GDP, statistics in their economy such as GDP, employment rate, exports and imports employment rate, exports and imports and many more. and many more.

CambodiaCambodia - Cambodia current data - Total population: 14,701,717 (July 2011 est.) - Government type: Multiparty democracy under a

constitutional monarchy - GDP (Purchasing power parity): $30.18 Billion

(2010 est.) - GDP (Official exchange rate): $11.63 Billion (2010

est.) - GDP (Real growth rate): 6% (2010 est.) - GDP (Per capita): $2,100 ( 2010 est.) - GDP (Composition by sector): - Agriculture: 33.4% - Industry: 21.4% - Services: 45.2%

CambodiaCambodia -Labor Force: 8.8 Million (2010 est.) - Agriculture: 57.6% - Industry; 15.9% - Services: 26.5% (2009 est.) - Unemployment rate: 3.5% (2007) - Population below poverty line; 31% - Household income or consumption by

percentage share: - Lowest 10%: 3% - Highest 10%; 34.2% - Distribution of family income - Gini index: 43

(2007)

CambodiaCambodia - Investment (gross fixed): 23% of GDP (2010

est.) - Budget: - Revenues: $1.413 Billion - Expenditures: $2.079 Billion (2010 est.) -Inflation rate (Consumer prices): 4.1% (2010

est.) - Central bank discount rate: NA % (31

December 2008) - Commercial bank prime lending rate: 17%

(31 December 2009) - Stock of narrow money: $850.7 Million (31

December 2010 est.)

CambodiaCambodia - Stock of broad money: $4.982 Billion (31

December 2010 est.) - Stock of domestic credit:$2.195 Billion (31

December 201 est.) - Market Value of publicly traded shares: NA - Industrial production growth rate: 5.7% (2010

est.) - Current account balance; $-918 Million (2010 est.) - Exports: $4.687 Billion (2010 est.) - Imports: $6.005 Billion (2010 est.) - Military expenditures: 3% of GDP (2005 est.) https://www.cia.gov/library/publications/the-world-f

actbook/geos/cb.html

What is ahead…What is ahead…

The following slides are the The following slides are the comparison between the United comparison between the United States and Cambodia. You will see the States and Cambodia. You will see the real real GDP growth, GDP (PPP) share of world, GDP per capita (PPP), GDP purchasing power parity, GNI (Gross National Income), unemployment rate, inflation, industrial production growth, imports and exports.

The United States Vs. The United States Vs. CambodiaCambodia

Real GDP Growth in %Real GDP Growth in %

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Graph chart into wordsGraph chart into words The chart above compares the United States and

Cambodia real GDP growth. Real GDP is the measure of gross domestic product that reflects the actual value of production goods and service produced by removing the effect of changes in prices ( macroeconomics. 109). Referring to graph, United States have a much higher growth compared to Cambodia. The United States in year 2000 growth is 4.1%, 1.1% (2001), 1.8%(2002), 2.5% (2003), 3.6% (2004), 3.1% (2005), 2.7% (2006), 1.9% (2007), 0%(2008), -2.6%(2009), 2.8% (2010), 2.8 %(2011). Cambodia in year 2000 growth is 8.8%, 8.1%(2001), 6.6%(2002), 8.5%(2003), 10.3%(2004), 13.3%(2005), 10.8%(2006), 10.2%(2007), 6.7%(2008), -2%(2009), 6%(2010), 6.5%(2011).

SourcesSources

The United States Real GDP growth The United States Real GDP growth source: (source: (http://www.gfmag.com/gdp-data-couhttp://www.gfmag.com/gdp-data-country-reports/151-the-united-states-gdntry-reports/151-the-united-states-gdp-country-report.html#axzz1QXDMap-country-report.html#axzz1QXDMaLzwLzw))

Cambodia Real GDP growth source: Cambodia Real GDP growth source: ((http://www.gfmag.com/gdp-data-couhttp://www.gfmag.com/gdp-data-country-reports/306-cambodia-gdp-counntry-reports/306-cambodia-gdp-country-report.html#axzz1Psh9z1Qitry-report.html#axzz1Psh9z1Qi))


GDP (PPP)-Share of world GDP (PPP)-Share of world total in %total in %

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Graph chart into wordsGraph chart into words

The chart above compares the United States and Cambodia GDP (PPP) Share of world total. The United States in year 1980 growth is 24.59%, 24.8% (1990), 23.63%(2000), 19.74% (2010), 18.13% (2015). Cambodia in year 1980 growth is NA%, .02%(1990), .03%(2000), .04%(2010), .05%(2015).

SourceSource

The United States GDP (PPP) source: The United States GDP (PPP) source: ((http://www.gfmag.com/gdp-data-couhttp://www.gfmag.com/gdp-data-country-reports/151-the-united-states-gdntry-reports/151-the-united-states-gdp-country-report.html#axzz1QXDMap-country-report.html#axzz1QXDMaLzwLzw))

Cambodia GDP (PPP) source: (Cambodia GDP (PPP) source: (http://www.gfmag.com/gdp-data-couhttp://www.gfmag.com/gdp-data-country-reports/306-cambodia-gdp-counntry-reports/306-cambodia-gdp-country-report.html#axzz1Psh9z1Qitry-report.html#axzz1Psh9z1Qi))

The United States Vs. The United States Vs. Cambodia GDP per capita Cambodia GDP per capita

(PPP) in US$(PPP) in US$

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Graph chart into words Graph chart into words

The graph above is the United States and Cambodia GDP per capita (PPP) in US dollars. GDP per capita is the approximate value of goods produced per person in the country, equal to the country’s GDP divided by the total number of people in the country (http://www.investorwords.com/6827/GDP_per_capita.html). The United States GDP per capita in US dollars is $33900 (2000), $36200 (2001), $36300 (2002), $37600 (2003), $37800 (2004), $40100 (2005), $41600 (2006), $44000 (2007), $45800 (2008), $46300 (2009). Cambodia GDP per capita in US dollars is $710 (2000), $1300 (2001), $1500 (2002), $1500 (2003), $1900 (2004), $2000 (2005), $2500 (2006), $2700 (2007), $1900(2008), $1800 (2009).

SourceSource

The United States GDP per capita The United States GDP per capita source: (source: (http://http://www.indexmundi.com/g/g.aspx?cwww.indexmundi.com/g/g.aspx?c==us&vus&v=67=67))

Cambodia GDP per capita source: (Cambodia GDP per capita source: (http://http://www.indexmundi.com/g/g.aspx?cwww.indexmundi.com/g/g.aspx?c==cb&vcb&v=67=67))


GDP (purchasing power parity) in GDP (purchasing power parity) in Billion US$Billion US$

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Graph chart into wordsGraph chart into words The graph above is the United States and Cambodia

GDP purchasing power parity in billion US dollars. GDP purchasing power parity allows you to compare the standard living between countries by taking into account the impact of their exchange rates. (http://useconomy.about.com/od/glossary/g/ppp.htm). The United States GDP purchasing power parity in billion US dollars is $9255 (2000), $9963 (2001), $10082 (2002), $10400 (2003), $10990 (2004), $11750 (2005), $12310 (2006), $13130 (2007), $13780 (2008), $13820 (2009). Cambodia GDP purchasing power parity in billion US dollars is $8.2 (2000), $16.1 (2001), $18.7 (2002), $19.7 (2003), $25.02 (2004), $26.99 (2005), $34.08 (2006), $37.73 (2007), $26.19 (2008), $24.15 (2009).

SourceSource

The United States GDP purchasing The United States GDP purchasing power source: (power source: (http://http://www.indexmundi.com/g/g.aspx?vwww.indexmundi.com/g/g.aspx?v=65&c==65&c=us&lus&l=en=en))

Cambodia GDP purchasing power Cambodia GDP purchasing power source: (source: (http://http://www.indexmundi.com/g/g.aspx?vwww.indexmundi.com/g/g.aspx?v=65&c==65&c=cb&lcb&l=en=en))

The United States GNIThe United States GNIhttp://www.tradingeconomics.com/united-states/gni-ppp-us-dollar-wb-http://www.tradingeconomics.com/united-states/gni-ppp-us-dollar-wb-

data.htmldata.html

Cambodia GNICambodia GNIhttp://www.tradingeconomics.com/cambodia/gni-ppp-us-dollar-wb-http://www.tradingeconomics.com/cambodia/gni-ppp-us-dollar-wb-

data.htmldata.html


The graph above is the United States and Cambodia GNI. Gross national income is measure all domestic incomes earned in production (macroeconomics 106). The United States continue to increase from 1980 starting at 25000000000 in US dollars to 14000000000000 in US dollars. Cambodia continue to increase from 1995 starting at 550000000 in US dollars to 26000000000 in US dollars.


Unemployment Rate in %Unemployment Rate in %

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Graph chart into wordsGraph chart into words The graph above is the United States and

Cambodia unemployment rate in %. Unemployment is seeking a paying jobs, but not being able to get one (macroeconomics 4). The United States unemployment rate is 4% (2000), 4.7% (2001), 5.8% (2002), 6% (2003), 5.5% (2004), 5.1% (2005), 4.6% (2006), 4.6% (2007), 5.8% (2008), 9.3% (2009), 9.6% (2010). Cambodia unemployment rate is 2.8% (2000), 2.8% (2001), 2.8% (2002), 2.8% (2003), 2.5% (2004), 2.5% (2005), 2.5% (2006), 2.5% (2007), 2.5% (2008), 3.5% (2009).

SourceSource

The United States unemployment The United States unemployment rate source: (rate source: (http://www.infoplease.com/ipa/A010http://www.infoplease.com/ipa/A0104719.html4719.html))

Cambodia unemployment rate Cambodia unemployment rate source: (source: (http://http://www.indexmundi.com/g/g.aspx?cwww.indexmundi.com/g/g.aspx?c==cb&vcb&v=74=74))


Inflation in %Inflation in %

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The graph above is the United States and Cambodia inflation rate in %. Inflation is a rise in the general level of prices (macroeconomics 4). The United States inflation rate is 3.8% (2008), -.3% (2009), 1.6% (2010), 2.2% (2011). Cambodia inflation rate is 25% (2008), -.7% (2009), 4% (2010), 5.1% (2011).

SourceSource

The United States inflation source: (The United States inflation source: (http://www.gfmag.com/gdp-data-couhttp://www.gfmag.com/gdp-data-country-reports/151-the-united-states-gdntry-reports/151-the-united-states-gdp-country-report.html#axzz1QXDMap-country-report.html#axzz1QXDMaLzwLzw))

Cambodia inflation source: (Cambodia inflation source: (http://www.gfmag.com/gdp-data-couhttp://www.gfmag.com/gdp-data-country-reports/306-cambodia-gdp-counntry-reports/306-cambodia-gdp-country-report.html#axzz1Psh9z1Qitry-report.html#axzz1Psh9z1Qi))

The United States Vs. The United States Vs. Cambodia Cambodia Industrial Industrial

production growth rate in %production growth rate in %

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Cambodia industrial production growth rate in %. The United States industrial production growth rate is -.4% (2003), .3% (2004), 4.4% (2005), 3.2% (2006), 4.2% (2007), -1.7% (2008), -2% (2009), -5.5% (2010), 3.3% (2011). Cambodia industrial production growth rate is 16% (2003), 22% (2004), 22% (2005). 22% (2006), 22% (2007), 15% (2008), 8% (2009), -6.5% (2010), 5.7% (2011).

SourceSource

The United States Industrial The United States Industrial production source: (production source: (http://www.indexmundi.com/united_http://www.indexmundi.com/united_states/industrial_production_growth_states/industrial_production_growth_rate.htmlrate.html))

Cambodia Industrial production Cambodia Industrial production source: (source: (http://www.indexmundi.com/cambodhttp://www.indexmundi.com/cambodia/industrial_production_growth_rateia/industrial_production_growth_rate.html.html))


Imports (Billion $)Imports (Billion $)

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Cambodia imports in billion of US dollars. The United States imports in billion of US dollars is $912 (2000), $1223 (2001), $1148 (2002), $1165 (2003), $1260 (2004), $1476 (2005), $1727 (2006), $1869 (2007), $1968 (2008), $2112 (2009). Cambodia imports in billion of US dollars is $1.2 (2000), $1.3 (2001), $1.4 (2002), $1.73 (2003), $2.12 (2004), $3.13 (2005), $3.54 (2006), $4.45 (2007), $5.42 (2008). $6.37 (2009).

SourceSource

The United States import source: (The United States import source: (http://http://www.indexmundi.com/g/g.aspx?vwww.indexmundi.com/g/g.aspx?v=89&c==89&c=us&lus&l=en=en))

Cambodia import source: (Cambodia import source: (http://http://www.indexmundi.com/g/g.aspx?vwww.indexmundi.com/g/g.aspx?v=89&c==89&c=cb&lcb&l=en=en))


Exports (Billion $)Exports (Billion $)

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Cambodia exports in billion of US dollars. The United States exports in billion of US dollars is $663 (2000), $776 (2001), $723 (2002), $687 (2003), $714.5 (2004), $795 (2005), $927.5 (2006), $1024 (2007), $1148 (2008), $1291 (2009). Cambodia exports in billion of US dollars is $.82 (2000), $.94 (2001), $1.05 (2002), $1.38 (2003), $1.62 (2004), $2.31 (2005), $2.66 (2006), $3.38 (2007), $4.09 (2008). $4.31 (2009).

SourceSource

The United States export source: (The United States export source: (http://http://www.indexmundi.com/g/g.aspx?vwww.indexmundi.com/g/g.aspx?v=85&c==85&c=us&lus&l=en=en))

Cambodia export source: (Cambodia export source: (http://http://www.indexmundi.com/g/g.aspx?vwww.indexmundi.com/g/g.aspx?v=85&c==85&c=cb&lcb&l=en=en))

ConclusionConclusion Real GDP growthReal GDP growth The United States compared with

Cambodia, United States statistics of the GDP per capita, GDP share of world, GDP purchasing power, GNI, imports and export is far superior than Cambodia. From a social perspective, it looks like the United States have a better prospect for the future. Then again though, looking at the real GDP, Cambodia is higher than the United States. The real GDP is the value of goods and service excluding the inflation. The economy should be good if the real GDP increase, but from a personal prospective I did not see advance technology or living suitable environment when I visited back in 2004. When I visit the capital of Cambodia, there streets were not fully develop and many people did not follow the street lights. Some houses were similar to American houses, but I saw many huts house build out of sticks in the forest area. I find it difficult to say which country have the better prospect for the future. The United States living situation itself is wonderful compared to Cambodia, but Cambodia is still trying to improve.

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Works CitedWorks Cited Goodwin, Neva R., Julie A. Nelson, and Jonathan Harris.

Macroeconomics in Context. Armonk, NY: M.E. Sharpe, 2009. Print.

https://www.cia.gov/library/publications/the-world-factbook/geos/us.html

https://www.cia.gov/library/publications/the-world-factbook/geos/cb.html

http://www.gfmag.com/gdp-data-country-reports/151-the-united-shttp://www.gfmag.com/gdp-data-country-reports/151-the-united-states-gdp-country-report.html#axzz1QXDMaLzwtates-gdp-country-report.html#axzz1QXDMaLzw

http://www.gfmag.com/gdp-data-country-reports/306-cambodia-ghttp://www.gfmag.com/gdp-data-country-reports/306-cambodia-gdp-country-report.html#axzz1Psh9z1Qidp-country-report.html#axzz1Psh9z1Qi

http://www.gfmag.com/gdp-data-country-reports/151-the-united-http://www.gfmag.com/gdp-data-country-reports/151-the-united-states-gdp-country-report.html#axzz1QXDMaLzwstates-gdp-country-report.html#axzz1QXDMaLzw

http://www.gfmag.com/gdp-data-country-reports/306-cambodia-http://www.gfmag.com/gdp-data-country-reports/306-cambodia-gdp-country-report.html#axzz1Psh9z1Qigdp-country-report.html#axzz1Psh9z1Qi

http://http://www.indexmundi.com/g/g.aspx?cwww.indexmundi.com/g/g.aspx?c==us&vus&v=67=67 http://http://www.indexmundi.com/g/g.aspx?cwww.indexmundi.com/g/g.aspx?c==cb&vcb&v=67=67 http://http://www.indexmundi.com/g/g.aspx?vwww.indexmundi.com/g/g.aspx?v=65&c==65&c=us&lus&l=en=en http://http://www.indexmundi.com/g/g.aspx?vwww.indexmundi.com/g/g.aspx?v=65&c==65&c=cb&lcb&l=en=en

Works CitedWorks Cited

http://www.tradingeconomics.com/united-states/gni-ppp-us-dollar-wb-http://www.tradingeconomics.com/united-states/gni-ppp-us-dollar-wb-data.htmldata.html

http://www.tradingeconomics.com/cambodia/gni-ppp-us-dollar-wb-http://www.tradingeconomics.com/cambodia/gni-ppp-us-dollar-wb-data.htmldata.html

http://www.infoplease.com/ipa/A0104719.htmlhttp://www.infoplease.com/ipa/A0104719.html http://www.indexmundi.com/g/g.aspx?c=cb&v=74http://www.indexmundi.com/g/g.aspx?c=cb&v=74 http://www.gfmag.com/gdp-data-country-reports/151-the-united-states-http://www.gfmag.com/gdp-data-country-reports/151-the-united-states-

gdp-country-report.html#axzz1QXDMaLzwgdp-country-report.html#axzz1QXDMaLzw http://www.gfmag.com/gdp-data-country-reports/306-cambodia-gdp-http://www.gfmag.com/gdp-data-country-reports/306-cambodia-gdp-

country-report.html#axzz1Psh9z1Qicountry-report.html#axzz1Psh9z1Qi http://www.indexmundi.com/united_states/http://www.indexmundi.com/united_states/

industrial_production_growth_rate.htmlindustrial_production_growth_rate.html http://www.indexmundi.com/cambodia/http://www.indexmundi.com/cambodia/

industrial_production_growth_rate.htmlindustrial_production_growth_rate.html http://www.indexmundi.com/g/g.aspx?v=89&c=us&l=enhttp://www.indexmundi.com/g/g.aspx?v=89&c=us&l=en http://www.indexmundi.com/g/g.aspx?v=89&c=cb&l=enhttp://www.indexmundi.com/g/g.aspx?v=89&c=cb&l=en http://www.indexmundi.com/g/g.aspx?v=85&c=us&l=enhttp://www.indexmundi.com/g/g.aspx?v=85&c=us&l=en http://www.indexmundi.com/g/g.aspx?v=85&c=cb&l=enhttp://www.indexmundi.com/g/g.aspx?v=85&c=cb&l=en

intro macroeconomics

Education

gdp composition

gdp real growth rate

gdp official exchange

unemployment rate

united states of america

united states statistics

united states information

united states current