Group+43-+Information

Created by: Janae Brooks
 * DUE MARCH 3RD- 10 POINTS**

Created by: Morgan Van Den Eynde
 * DUE MARCH 3RD- 20 POINTS**

Created by: Morgan Van Den Eynde
 * DUE MARCH 17TH- 20 POINTS**

Illyria’s diverse economy consists of agriculture in the north while the industrial and service aspect of the economy is centered around the big cities, primarily the capitol. Over the past 75 years, Illyria has made the transition from an economy based on agriculture to one based on service. Despite this transition, most of Illyria’s exports are agricultural because the quality rivals that of the French when it comes to its wines, cheeses, and breads. Illyria is also a leader in computer processing, producing computer chips that rival top companies like Intel. The economy is driven by the small and medium sized businesses across the nation. The government owns all of the raw resource materials for these businesses. The business owners buy the materials from the government then make their products. Illyria has had episodes of high unemployment, even reaching 15% at one point in it history. In past years the government has tried to lower unemployment by creating more government jobs. Sometimes those looking for jobs run into difficulty because most businesses are small and not many job openings exist at a time. To counteract this, the government creates jobs annually to lower the unemployment rate. Because the government owns many of the major industries, jobs are easily created regardless of any economic condition. This method has resulted in Illyria’s unemployment rate to continuously go down on a yearly basis, albeit a bit slowly. Recently the value of the euro went down and many of the economies of the European union went down as a result. Illyria was able to escape this fate by not adopting the currency like Great Britain when it was first asked to join. Because of this early decision, the Illyrian dollar has maintained its value through the global recession. Despite the government’s heavy involvement in the economy, the economy has begun to slowly stabilize and will possibly reach equilibrium within the next few decades.

__**GDP per capita**__
 * __GDP__**
 * $3.2 trillion (2010 est.)
 * $63,872 (2010 est.)

__**GDP growth rate**__
__**Labor force by occupation**__ __** Unemployment rate **__ __** Inflation rate **__
 * 1.8% (2010 est.)
 * 2.1% (2009 est.)
 * 1.7% (2008 est.)
 * agriculture:8.1%
 * industrial: 17.6%
 * service: 73.3%(2006 est.)
 * 6.4% (2010 est.)
 * __Population below poverty line__**
 * 4% (2007 est.)
 * __ Income distribution __**
 * 26.3 (2008 est.)
 * 1.7% (2010 est.)
 * 1.9% (2009 est.)
 * 1.6% (2008 est.)
 * __Exchange rate__**
 * Illyrian dollar (ILL) per US dollar - .5731 (2010)
 * __ Agricultural products __**

Citrus Fruits -Various Cereals and Grains

Wine Grapes- Wheat


 * __ Industries __**

Lumber--- Electronics

Food and Beverages Tourism

__** Major exports **__

Wooden Furniture Wine and Cheese

Bread-Grapefruit

Oranges and Lemons

Computer Processors and Circuit boards


 * __ Major imports __**

Cars

Aircraft

Machinery and Equipment

Chemicals-Plastics


 * __ Main trading partners __**
 * Germany, France, Italy, US, and China


 * DUE APRIL 10TH- 100 POINTS**




 * DUE APRIL 21ST - 100 POINTS**


 * DUE MAY 13th- 50 POINTS**


 * DUE MAY 13th- 50 POINTS**

*Must have at least 2—one political and one economic. Be sure to thoroughly explain the issue and the reasons for your country's position.

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 * OPTIONAL ASSIGNMENT ( NOT EXTRA CREDIT) WILL COUNT AS GRADE IF DONE**
 * DUE MAY 16th- 30 POINTS**