AB 204 STUDY Education Terms/ab204study.com AB 204 STUDY Education Terms/ab204study.com | Page 7

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PART 1: Comparing Long-Run Economic Growth Rates of
Countries
Use the electronic library and databases to conduct research to
identify the key factors that determine long term economic growth.
You can find the most up-to-date reports on the economic growth
trends of different countries under the World Bank website linked
below.
Please also refer to the Webliography in the course web page for
additional information on the researches done on economic issues.
After you have conducted research and read the items listed above,
access the “Data & Research” tab in the World Bank website and
compare growth rates between two countries of your choice.
Specifically, select one advanced economy (such as U.S., Germany,
etc.), and select one developing economy (such as Angola,
Bangladesh, etc.).
Download their data for major economic indicators (2005–2013)
such for the real GDP growth (annual %). Then identify and
describe possible factors that may explain the differences between
the GDP growth rates and long term economic growth of the
advanced and developing economies for the countries you selected.
**Somalia does not participate in the bond market, commercial
banking or lending, net domestic credit, and there is also no cash
surplus. The United States however does participate in all these