Countries Adversely Affected During 2008 Financial Crisis


Why did some countries fare better in the recent financial crisis? Can early warning indicators help predict which countries will be most vulnerable in an economic crisis such as the one that occurred in 2008-09?

From the data found in the Excel sheet attached, we want to focus on the following five countries:
·    Australia
·    China
·    Iceland
·    Japan
·    United States


(a) For each of the 5 countries, in order to get a sense of how the crisis affected each of the countries, compute the change in the level of GDP between 2008 and 2009. (Hint: Billion: 1,000,000,000, Trillion: 1,000,000,000,000)

(b) Based on you answer in (a), which countries were adversely affected by the 2008-09 crisis (i.e., experienced a decline in GDP)?

(c) Present in a chart the data for the inflation rate over the period 1961-2011, with the five countries in the same chart.


The question belongs to Economics and it discusses about how some countries have fared well during the 2008 financial crisis and some countries did not. Some of the reasons have been discussed.

Total Word Count 216

Download Full Solution


  • HWA

    this is a very good website

  • HWA

    I have 50 questions for the same test your page is showing only 28

  • HWA

    hi can you please help or guide me to answer my assignments. thanks

  • HWA

    hi can anyone help or guide me to my assignments. thanks

  • HWA

  • HWA

    This solution is perfect ...thanks

  • HWA

    Hello Allison,I love the 2nd image that you did! I also, had never heard of SumoPaint, is something that I will have to exolpre a bit! I understand completely the 52 (or so) youtube videos that you probably watched. Sometimes they have what you want, sometimes they don't! However, it is always satisfying when you are able to produce something that you have taught yourself. Great job!Debra 0 likes

  • HWA

    Perfect bank of solution. 

  • HWA

    great !

  • HWA
    Paul Brandon-Fritzius

    thanks for the quick response. the solution looks good. :)

  • HWA
    tina Johnson

    thnx for the answer. it was perfect. just the way i wanted it. 

  • HWA

    works fine.