Monday, October 19, 2015

Is GDP the best measure?

Your to-do list

  • Please head here for the Western Europe Map Quiz. We will distribute the other resources you need for the quiz momentarily.
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Let's talk about GDP v. GDP per capita. Head to the CIA World Factbook please. Grab a name tent. Look up what your country's GDP purchasing power parity and GDP per capita are. Use the 2014 data, please. Be sure to note not only the figure but the world rank (labeled as country comparison to the world on the site) as well. Record your country's name and all of the data you were asked to collect on the name tent.

But after all of this, is GDP even the best measure? Check out GDP Smackdown! Keep track of the pros and cons to using GDP according to this video.



We need a better measure of a country than just GDP. Let's look at some other resources and compare our countries to each other.

Let's look at the Index of Economic Freedom and see how your country does on its different indicators.
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Homework: Prepare for your Central Europe Map Quiz! Click here to see what it will look like.
You will need to know the following countries.

  • Austria
  • Czech Republic
  • Germany
  • Hungary
  • Italy
  • Liechtenstein
  • Poland
  • Slovakia
  • Switzerland

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