Comparison of U.S. Economy with Other Economies
Choose three countries that are considered as High Income Countries,and three countries that are considered as Middle Income Countries, and three countries that are considered as Low Income Countries.The United States should be one of the High Income Countriesas you choose.
For each of the nine countries selected, find the following data:
o Real GDP per person
o Adult literacy rate (total)
o Life expectancy at birth (total)
o Infant mortality rate (per 1,000 live births)
o Physicians (per 1,000 people)
o Income share held by the highest 10% of the population
o Income share held by the lowest 10% of the population
After collating the required data, answer the following questions:
What was the level of inflation during the time period relative to the history of inflation in the United States? What were the driving factors behind this trend?
How does United States compare to the other two countries you chose in the high-income group, middle-income group, and low-income group?