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COUNTRY DATA POINTS CONNECTING THE DATA POINTS TO IMPROVING YOUR COUNTRIES STANDARD OF LIVING ECONOMIC MEASUREMENTS OF COUNTRIES OUTPUT MEASUREMENT USED EFFECTS ON THE ECONOMY GROSS DOMESTIC PRODUCE GDP=CONSUMERS+GOVERNMENT+INVE STMENTS+NET EXPORTS. MEASURES OUTPUT IN A GIVEN YEAR, IN PPP DOLLARS. TOTAL POPULATION PER CAPITA GDP MEASUREMENT USE IN PER CAPITA GDP GDP % GROWTH RATE GPD/TOTAL POPULATION AVERAGE INCOME. DETERMINES COUNTRIES. RANKING HOW FAST A COUNTRY IS GROWING (+4% MIN.) DISTRIBUTION OF INCOME (STRENGTH OF THE MIDDLE CLASS) GINI INDEX (<35 GOOD 50+BAD) WORLD GOVERNACE INDICATORS THE WORLD BANK MEASUREMENT ON GOVERNMENT EFFECTNESS ON SIX DIFFERENCE CRITERIA ON A SCALE 0F -2.5 TO +2.5 CRITERIA MEASURED VOICE & ACCOUNTABILITY POLITICAL STABILITY & ABSENCE OF VIOLENCE GOVERNMENT EFFECTIVENESS REGULATORY QUALITY RULE OF LAW CONTROL OF CORRUPTION WHAT IT MEASURES BASIC SET OF FREEDOMS, FROM SPEECH, ASSOCIATIONS AND INDEPENDENT MEDIA INTERNAL VIOLENCE AND/OR OUTSIDE THREATS FROM TERRORISM OR COUNTRIES QUALITY OF PUBLIC SERVICES, CIVIL SERVENTS, GOV. COMMITMENT TO POLICES BEING IMPLEMENTED POLICIES & REGULATION, CONTRACT ENFORCEMENT (PRIVATE PROPERTY) POLICE & COURTS SYSTEMS. INDEPENDENT JUDICATORY PUBLIC POWER IS USED FOR PRIVATE GAIN. ELITES CONTROL GOV. TAX ADVANTAGES/SUBSIDIES(SEE GINI INDEX) HUMAN CAPITAL One Factor of Production MEASUREMENT WHAT IT MEASURES AGE STRUCTURE PERCENT LABOR FORCE (AGR/MFG/SERVICE) % OF POPULATION IN 5 SUBGROUPS. 20% IN ANY GROUP WILL HAVE A POSTIVE/NEGATIVE EFFECT VALUED ADDED. HIGHER GDP MORE WORKERS IN MFG/SERVICE READ/WRITE BY 16 MORE PRODUCTIVE. HIGHER GDP HUMAN CAPITA L NOT WORKING, LOWER GDP, MORE GOV. $ LITERACY RATE (MALE/FEMALE) UNEMPLOYMENT RATE HEALTH CARE AND QUALITY OF LIFE MEASUREMENT WHAT IT MEASURES INFANT MORILITY RATES XX/1000 BABIES THAT DIE IN THE FIRST YEAR OF LIFE.< 6/1000 DEATHS GOOD. REFLECTS ON MEDICAL CARE LIFE EXPECTANCY (MALE/FEMALE) HUMAN DEVELOPMENT INDEX. UNITED NATIONS QUALITY OF LIFE WORLD AVERAGE 72 YEARS. INDICATES LONG TERM MEDICAL WOMEN OUT LIVE MEN USES 12 DIFFERENT DATA POINT AND RATES ALL COUNTRIES ON A SCALE .99 TO .25 INFLATION RATE (+2-4% GOOD. +6% BAD) MEASURE HOW FAST COUNTRIES CURRENCY IS LOSSING VALUE. HIGHER INFLATION, LESS CAN BE CONSUMED. IMPACTS GPD EXPORTS AND IMPORTS TRADE DEFICIT ? BALANCE? OR SURPLUS ? MEASUREMENT EXPORTS: WHAT COUNTRIES SELL TO THE WORLD (ADDING TO GDP)COMPARTIVE ADVANTAGE PAID IN DOLLARS RARE IN THE REAL WORLD. OBJECTIVE OF THE SUMMIT. IMPORTS: WHAT A COUNTRIES NEEDS, THAT THEY DON’T PRODUCE. (SUBTRACTING FROM GDP) PAID IN DOLLARS WHAT IT MEASURE ALL GOOD/SERVICES SOLD TO THE WORLD. LOOK AT COUNTRIES TOP 5 EXPORTS. THERE COMPARTIVE ADVANTAGE MORE EXPORTS V. IMPORTS (TRADE SURPLUS. GDP GROWS) BALANCED TRADE: EXPORTS = IMPORTS. (LITTLE EFFECT ON GDP) ALL GOODS/SERVICES BOUGHT BY CONSUMERS IN THAT COUNTRY LOOK AT THE TOP 5 IMPORTS. MORE IMPORTS V. EXPORTS (TRADE DEFICIT. HURTS GDP GROWTH) IMPROVE YOUR COUNTRIES STANDARD OF LIVING WITH THE DATA YOU HAVE COLLECTED, YOUR GROUP CAN ANALYZE AND DISCUSS WHAT THREE CHANGES YOU BELIEVE WILL HAVE GREATEST IMPACT ON RAISING CRITICAL DATA POINTS. IMPROVING YOUR COUNTRIES STANDARD OF LIVING. THIS IS AN OPENED ENDED QUESTION. ALL SOCIAL SCIENCES (INCLUDING ECONOMICS) ARE LIMITED. WE DUE THE BEST WITH INFORMATION WE HAVE TO ACT TO IMPROVE QUALITY OF LIFE FOR THE GREATEST NUMBER PEOPLE CONCLUSION OF RESEARCH PAPER, WHERE WILL YOUR COUNTRY BE IN 10 YEARS AFTER THESE CHANGES HAVE BEEN MADE? BE SPECIFIC.
