econ 101

http://www.cbsnews.com/stories/2008/02/14/60minutes/main3833797.shtml  The Happiest Country

International Differences in GDP and the Quality of Life

Quantifying the behavior of the economy with statistics such as GDP is the first step to developing the science of macroeconomics.  Rich and poor countries have vastly different levels of GDP and GDP per person.  If a large GDP leads to a higher standard of living, then we should observe GDP to be strongly correlated with measures of the quality of life. But GDP is not a perfect measure of well being.  Go to www.worldbank.org  ;www.unitednations.org  or www.cia.gov , choose a country or a region you are interested in, find out their GDP, GDP per person, life expectancy, adult literacy, health care system and other aspects of their quality of life.Go to

DISCUSSION BOARD:

1.  Two postings: One posting is your findings of major information of the country your researched, and the second posting is to discuss a recent article about the country. Please cite your sources.