BU 204 Unit_6_Assignment.docx Macroeconomics BU204 For this assignment I have chosen
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BU 204 Unit_6_Assignment.docx Macroeconomics BU204 For this assignment I have chosen Australia as my advanced economy and the Philippines as my developing country. I choose these two countries because they are quite different countries culturally. I collected the information I am about to present to you through various websites. Australia in July 2020 has a population of 25,466,459(Central Intelligence Agency, 2020). It is ranked 55th most populated in the world, but yet it is an advanced country.In Australia,the 2019 current gross domestic product (GDP) is approximately $1,913 billion (World Economics, 2020). Australias Per Capita GDP for 2019 is approximately $54,907.10, which according to The World Bank website is a decrease from 2018. The GDP Per Capita Growth Rate is a decrease from 2018 of about 0.4%, which shows that the economy didnt grow as much as it did in 2018(World Economics, 2020). The unemployment rate is 11.8% in the youth ages 15-24 (Central Intelligence Agency, 2020). In the Philippines they have population of 109,180,815 as of July 2020(Central Intelligence Agency, 2020). Philippines is ranked 12# in the world by population(Central Intelligence Agency, 2020) . Which is 83,714,356 more than Australia, but it is a developing country. The GDP in 2019 is 376,795,508.68, which is significantly lower than Australia despite the fact it has three times the population. The GDP Per Capita in 2019 is $3,485.10, which is an increase from 2018 but is way lower than the developed country of
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