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Part 3: Go to World Development Indicators database: http://databank.worldbank.
Write a short report in your own words (1 page, double-spaced), which contains the analysis of the results you have gotten. In this report consider, but do not be limited to the following:
- List the countries by highest per capita GDP to lowest.
- Does the order remain the same for total GDP as for per capita GDP.
- If not, explain why is it different?
Part 4: Index of Economic Freedom (weight 25% of the assignment grade)
Log onto the Heritage Foundation's website at http://www.heritage.org/Index/
“Today, we live in the most prosperous time in human history. Poverty, sicknesses, and ignorance are receding throughout the world, due in large part to the advance of economic freedom. In 2016, the principles of economic freedom that have fueled this monumental progress are once again measured in the Index of Economic Freedom, an annual guide published by The Wall Street Journal and The Heritage Foundation, Washington’s No. 1 think tank.
The Index covers 10 freedoms – from property rights to entrepreneurship – in 186 countries. Each of the ten economic freedoms within these categories is graded on a scale of 0 to 100.”
Click on COUNTRY RANKING to find the rank of economic freedom. IMPORTANT – Make sure you use the Rank and not the Overall Score.
Click on EXPLORE THE DATA to find the rank of business, trade, financial freedom, and property rights.
- Find the rank in economic freedom (overall) of the countries that you were using in part III of the assignment.
- Find the rank in business, trade, financial freedom, and property rights of the countries that you were using in part III of the assignment.
- Compare the rank in economic freedom (overall) and other indicators with the order of the countries using the per capita GDP in the table in part III of the assignment.
1. Present the information that you received in your project as a table.
2. Write a report in your own words (1 page, double-spaced), which contains the analysis of the results that you received.
