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QUESTION

3-4 pages. Due in 10 hours. Country Chosen is Turkey ECONOMIC GROWTH ASSIGNMENT YOU CAN CHOOSE THE COUNTRY OF YOUR CHOICE RANKED BELOW # 75 (# 76 to the end of the list) ON THE LIST BELOW: https://www

3-4 pages. Due in 10 hours. Country Chosen is Turkey

ECONOMIC GROWTH ASSIGNMENT

YOU CAN CHOOSE THE COUNTRY OF YOUR CHOICE RANKED BELOW # 75 (# 76 to the end of the list) ON THE LIST BELOW:

https://www.cia.gov/library/publications/the-world-factbook/rankorder/2004rank.html(Links to an external site.)

1. Provide information about the country you chose so that someone with no knowledge of that country could understand more about the geographic location, size (land), population, political and economic system, currency, standard of living (median incomes, health and wellness, education, etc), rank by GDP, rank by per capita GDP, and other things that could help us learn more about your country. CITE YOUR SOURCES!

  • Has the country experienced increased productivity and growth or decreased productivity and growth over the last 10 years? How much has the country’s economy grown or decreased ($ and %) over the past 10 years?
  • Is GDP or GDP Per Capita a more accurate indication about a country’s standard of living? Explain.
  • What are some of the key natural resources in the country?
  • What is some of the country’s physical and human capital? What are some of the key products and services the country produces? What are some of the key companies and/or industries in the country?
  • What are some of the key technologies in the country?
  • What information can you find about the saving and investment in your country?
  • What is the educational attainment of your country’s citizens? How does that rank among other countries?
  • How is the health, nutrition, wellness, etc in your country?
  • What is the political structure, economic structure, legal structure, etc. of the country?
  • Does your country participate in trade with other countries? What is the amount of imports vs. exports for your country? What are some key things that the country imports? What are some key things that the country exports?
  • How can your country improve its productivity, growth, etc. in order to increase its GDP and GDP Per Capita ranking among the other countries in the world? Please explain.
  • How would you rate the standard of living in your country? What measure(s) did you use to come up with this standard of living rating? How does the standard of living in your country compare to other countries in that region? How does it rank compared to other countries in the world? How could your country improve its standard of living? Explain.

2. What is the average annual AND monthly income in the country you chose? How does this impact standard of living and economic growth potential? https://www.worlddata.info/average-income.php(Links to an external site.)

3. What terms and concepts from your textbook relate to this country research? List the term/concept and how it relates to the information from your textbook.

4. Use the World Happiness Report -https://s3.amazonaws.com/happiness-report/2018/WHR_web.pdf

- Briefly explain the world happiness report in your own words. What is it, how are the ratings calculated, etc.

- Where does your chosen country rank on the World Happiness Index country ranking? Does this makes sense based on what you learned about your country?What factors mostcontributed to this ranking?

5. There are other measures for the well-being or standard of living in countries around the world:

http://www.oecdbetterlifeindex.org/#/44114111141

http://visionofhumanity.org/app/uploads/2018/06/Global-Peace-Index-2018-2.pdf

https://www2.deloitte.com/content/dam/Deloitte/mx/Documents/about-deloitte/2017/Social-Progress-Index-2017.pdf

http://gnhusa.org/genuine-progress-indicator/

- Briefly explain what each of these are in your own words.

- Do any or all of these provide a moreeffective measurement of the well-being or standard of living in an economy that GDP per Capita and/or GNP per Capita? Explain your answer.

6. For your chosen country, what are some things that the country can do to grow its economy and possibly move up the GDP per Capita rankings? Explain.

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