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research the rate of unemployment in Belgium and Spain

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As an employee of the World Bank you have been asked to research the rate of unemployement in Belguim and Spain and how itaffects the countries economic concerns.

What is the relationship between the variable selected and the economy?
What trends do you see in the data sets?

Support your assertions of trends with statistical evidence

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Solution Summary

Rates of unemployment in Belgium and Spain are scrutinized.

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UNEMPLOYMENT Rate [ IFS code : 67R.. ]
,,Belgium
,, Units: Percent per annum (1)
,, From: Prices, Production, Labor
,, ES Source: International Financial Statistics
, Month , 1993 to Jul 2004
1 , 2004 Jul , 12.80000
2 , 2004 Jun , 12.40000
3 , 2004 May , 12.30000
4 , 2004 Apr , 12.40000
5 , 2004 Mar , 12.70000
6 , 2004 Feb , 12.80000
7 , 2004 Jan , 12.90000
8 , 2003 Dec , 12.70000
9 , 2003 Nov , 12.50000
10 , 2003 Oct , 12.90000
11 , 2003 Sep , 13.20000
12 , 2003 Aug , 13.30000
13 , 2003 Jul , 13.00000
14 , 2003 Jun , 11.60000
15 , 2003 May , 11.40000
16 , 2003 Apr , 11.60000
17 , 2003 Mar , 11.70000
18 , 2003 Feb , 11.80000
19 , 2003 Jan , 11.90000
20 , 2002 Dec , 11.70000
21 , 2002 Nov , 11.60000
22 , 2002 Oct , 11.90000
23 , 2002 Sep , 12.00000
24 , 2002 Aug , 12.00000
25 , 2002 Jul , 11.80000
26 , 2002 Jun , 10.40000
27 , 2002 May , 10.40000
28 , 2002 Apr , 10.50000
29 , 2002 Mar ,
30 , 2002 Feb , 10.80000
31 , 2002 Jan ,
32 , 2001 Dec , 10.80000
33 , 2001 Nov , 10.80000
34 , 2001 Oct , 11.50000
35 , 2001 Sep , 11.70000
36 , 2001 Aug , 11.60000
37 , 2001 Jul , 11.10000
38 , 2001 Jun , 9.90000
39 , 2001 May , 10.00000
40 , 2001 Apr , 10.20000
41 , 2001 Mar , 10.30000
42 , 2001 Feb , 10.60000
43 , 2001 Jan , 10.70000
44 , 2000 Dec , 10.60000
45 , 2000 Nov , 10.70000
46 , 2000 Oct , 11.10000
47 , 2000 Sep , 11.50000
48 , 2000 Aug , 11.90000
49 , 2000 Jul ,
50 , 2000 Jun , 10.10000
51 , 2000 May ,
52 , 2000 Apr ,

GDP-PPPMethod 239,391.0 millions of US dollars
GDP Growth 0.830 percent
GDP Per Head 23,335.0 Thousands of US Dollars Per Person

The unemployment figures of Belgium show a steadily increasing rate of unemployment. This is an important indicator because this reflect the failing economy of Belgium. Belgium has suffered rather severe, prolonged recessions early in each of the last two decades, which, given the government's insistence on maintaining very generous social benefits (including almost unlimited unemployment benefits), has led to much of the current day's debt levels. However, Belgium is a net international creditor nation as evidenced by the persistent surplus in international income payments in its balance of payments.
The government has so far not been able to raise the ...

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