Our orders are delivered strictly on time without delay 
QUESTION 1:
The following Tables present macroeconomic indicators for two countries, Germany and Spain, between 2014-2016. Analyze the economic data carefully before answering the below questions.
Table 1: Macroeconomic Indicators for Germany (2014-2016)
Macroeconomic Indicator 2014 2015 2016
Nominal GDP ($US, Million)
3,890,607 3,375,611 3,477,796
Real GDP ($US, Million) 3,646,040 3,709,598 3,781,699
Consumer Price Index 106.65 106.90 107.42
Number of Unemployed (Persons, Million) 2.70 2.70 2.41
Labour Force (Persons, Million) 42.46 42.78 43.46
Adult Population (Persons, Million) 53.33 53.72 54.26
Total Population (Persons, Million) 80.98 81.69 82.67
Source: World Bank, International Monetary Fund
Table 2: Macroeconomic Indicators for Spain (2014-2016)
Macroeconomic Indicator 2014 2015 2016
Nominal GDP (Million) 1,376,911 1,197,790 1,237,255
Real GDP (Million)
1,371,018 1,418,075 1,464,509
Consumer Price Index 107.05 106.51 106.30
Number of Unemployed (Persons, Million) 5.80 5.19 4.65
Labour Force (Persons, Million) 23.14 23.06 23.00
Adult Population (Persons, Million) 30.95 30.76 30.68
Total Population (Persons, Million) 46.48 46.45 46.44
Source: World Bank, International Monetary Fund
A. According to the data, which country has a higher average standard of living in 2016? Show your work to justify your answer. [1 Mark]
B. What does the data suggest about the cost of living in Germany between2014-2016?Show your work to justify your answer. [1Mark]
C. What does the data suggest about the unemployment rate in Spain between 2014-2016? Show your work to justify your answer. [1Mark]
D. According to the data, which of the two countries appears to be doing the BEST job of meeting the macroeconomic objectives of limiting unemployment, keeping inflation low and stable and promoting economic growth? Explain your reasoning in 2-3 paragraphs while making usingof the macroeconomic
data in your answer. [2.5Marks]
