Go to World Development Indicators database:
https://databank.worldbank.org/home.aspx
Click on World Development Indicators.
Country
GDP
Population
Per Capita GDP
1
2
3
4 = 2/3
Write a short report in your own words (2 pages, double-spaced), which contains the analysis of the results you received. 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?
Please analyze and discuss the significance of this data that you received for this Data exercise.
Please reflect on what you have learned from this assignment.
Part 2: Index of Economic Freedom (weight 45% of the assignment grade)
Log onto the Heritage Foundation’s website at https://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 2021, 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 Heritage Foundation, Washington’s No. 1 think tank.
For twenty-seven years the Index has delivered thoughtful analysis in a clear, friendly, and straight-forward format. With new resources for users and a website tailored for research and education, the Index of Economic Freedom is poised to help readers track over two decades of the advancement in economic freedom, prosperity, and opportunity and promote these ideas in their homes, schools, and communities.
The Index covers 12 freedoms – from property rights to financial freedom – in 184 countries.”
(https://www.heritage.org/index/)
Click on COUNTRY RANKING to find the Rank and the Overall Score of economic freedom.
Click on EXPLORE THE DATA to find the Rank of business, trade, financial freedom, and property rights.
Find the Rank and Overall Score in economic freedom (overall) of the countries that you were using in part I of the assignment. Present this information as table(s) in your project.
Find the scores in business, trade, financial freedom, and property rights of the countries that you were using in part I of the assignment. Present this information as table(s) in your project.
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 I of the assignment.
Write a report in your own words (2 pages, double-spaced), which contains the analysis of the results that you received. Discuss the significance of the data and what you feel is the relevance of rankings. Please reflect on what you have learned from this assignment.
PRESENTATION OF THE DATA EXERCISE AND USE OF APA CITATION METHODOLOGY (10%) of the project grade):
Organization, format, and presentation of paper including the title page, introduction, body, and summary. Begin each section with a subheading; use the subheadings described in the assignment (3% of the project grade).
Use of tables, figures, and other graphics to summarize and support analysis presented in the paper. All tables and charts should have the numbering system: “Table 1”, a substantive title, and a reference to the source of the information. (3% of the project grade).
Research sources and significance of research information and data, and use of APA citation methodology (4% of the project grade).
