Using the data, 

1. Compare the annual growth rates of the nominal GDP and real GDP in 2007 as well as in 2009. Which GDP grows faster? How can the growth differences be explained?

2. Compare the annual inflation rate of the GDP deflator in 2007 with the inflation rate of the CPI during the same period. What factor could explain the observed differences between both rates of inflation?

3. What can be said about the level of development of this country (e.g., “developed”; “developing”; “least developed”). Justify your answer.

4. With the data given, how would you assess any welfare advances during the period?

5. Can you guess the country? Justify your answer.

explanation and calculate it	Units:	Scale factor:	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009
Country 1	LCU = Local Currency Units
Macro
Consumer price index			115,8	123,8	127,7	133,9	143,4	153,2	166,1	190,6	203,1	217,1	226,2	234,4	247,7	259,8
Exchange rate, period average	LCU per US$		1,01	1,08	1,16	1,81	1,83	2,35	2,92	3,08	2,93	2,44	2,18	1,95	1,83	2,03
GDP, nominal in local currency (LCU)	LCU	Millions	843965	939147	979275	1065000	1179482	1302136	1477821	1699949	1941497	2147238	2369797	2597611	2889718	3011156
GDP, nominal in US$	US$	Millions	838550	870518	843647	586929	644014	557238	516937	557403	664665	888075	1089517	1341780	1599974	1499675
GDP, real	LCU	Millions	1089984	1127027	1127832	1130713	1179470	1195662	1226542	1241058	1312045	1353552	1407188	1486869	1562810	1556510
Industrial production index			88,6	92,4	90,5	89,9	95,8	97,4	100,0	100,0	108,1	111,8	115,0	121,8	125,3	114,5
Interest rate, short-term	%		27,5	25,0	29,4	26,3	17,6	17,5	19,1	23,4	16,2	19,1	15,3	12,0	12,4	10,1
Population, total		Thousands	164157	166650	169162	171675	174174	176659	179123	181537	183864	186075	188158	190120	191972	193734
Unemployment rate	%		8,1	8,5	11,4	11,3	11,8	10,5	11,7	12,3	11,5	9,8	10,0	9,3	7,9	8,3
GDP and domestic demand
Consumption, government, real	LCU	Millions	212408	215661	222588	226478	226085	232320	243261	246169	256213	262038	268730	281388	297228	306373
Consumption, private, real	LCU	Millions	711117	731841	726462	729471	758941	763442	778324	772231	802045	838043	881489	937040	987124	1014979
Exports, goods & services, real	LCU	Millions	84569	94007	98581	104498	117691	129501	139556	153886	177198	193770	203506	217163	215685	194806
GDP, nominal in US$	US$	Millions	838550	870518	843647	586929	644014	557238	516937	557403	664665	888075	1089517	1341780	1599974	1499675
GDP, US$ prices & PPP exch rate, real, per capita	US$		6934	7063	6963	6878	7072	7069	7151	7140	7453	7597	7810	8167	8502	8390
GDP, US$ prices & PPP exchange rate, nominal	US$	Millions	1068270	1122670	1135580	1154930	1230910	1276980	1333810	1377810	1494690	1584600	1700570	1845370	1981210	2000386
GDP, US$ prices & PPP exchange rate, real	US$	Millions	1138240	1176924	1177764	1180773	1231688	1248597	1280844	1296003	1370133	1413478	1469488	1552697	1632000	1625421
Imports, goods & services, real	LCU	Millions	128791	147125	146967	124954	138491	140165	123705	121942	138005	149707	177458	214437	253648	219976
Investment, total fixed investment, real	LCU	Millions	189505	206250	205755	188941	198151	199601	188788	180459	196405	203461	223524	253365	288284	245620
Stockbuilding, real	LCU	Millions	21176	26393	21412	6279	17093	10962	318	10256	18189	5948	7398	12351	28138	14709
Energy
Oil production	barrels per day	Thousands	795	841	969	1132	1269	1295	1455	1496	1477	1634	1723	1748	1812	1887
Socio
Age dependency ratio (dependents to working-age pop)			0,59	0,57	0,56	0,55	0,54	0,53	0,53	0,52	0,52	0,51	0,51	0,51	0,51	0,51
Life expectancy at birth, total (years)			66,9	69,4			70,3	68,3	71,0	70,6	70,9	71,8	72,1	72,4	72,7	73,1
Calculate:
Total Final Expenditure, real
Domestic Demand, real			1134206	1180145	1176217	1151169	1200270	1206325	1210691	1209114	1272852	1309489	1381140	1484143	1600773	1581680
GDP real (expenditure approach)			1089983	1127027	1127832	1130713	1179470	1195662	1226542	1241058	1312045	1353552	1407188	1486869	1562810	1556510
Annual growth rate of real GDP
Annual growth rate of nominal GDP
GDP deflator
Annual growth rate of GDP deflator
CPI inflation

Answer rating: 100% (QA)

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