Introductory Macroeconomics
Task #1 Australia (4 marks). Use the Penn World Tables website https://www.rug.nl/ggdc/productivity/pwt/ to download annual data covering the period 1950–2019 for the following variables (i) real GDP [use ‘output-side real GDP at chained PPPs (in mil. 2017US$)’] (ii) population (iii) employment (iv) average hours per worker (v) the capital stock [use ‘capital stock at current … Read more