Name of country that you are comparing to USA: ECONOMIC INDICATOR USA OTHER COUNTRY GDP ($)...
Name of country that you are comparing to USA:
ECONOMIC INDICATOR USA OTHER COUNTRY GDP ($)
Purchasing Power Parity Define: Comment:
GDP per Capita ($) Define: Comment:
Real Growth Rate (%) Define: Comment:
Unemployment Rate (%) Define: Comment:
Population Below the Poverty Line (%) Define: Comment:
Distribution of Family Income – Gini Index (Out of 100) Define: Comment:
Taxes and Other Revenues (% of GDP) Define: Comment:
Public Debt (% of GDP) Define: Comment: Inflation (%) Define: Comment:
Homework Answers
Definitions:
Purchasing power parity : It is a comparison of purchasing powers of currencies of different countries against a basket of goods/services. for example - $1 = 100 Indian rupees,In USA if a burger costs $1 and in India rupees 25 then Indian can buy 4 burgers in $1 Income and makes India better off then.
GDP per capita: GDP is gross domestic product- It is sum total of final values of all goods and services produced in a country in a year.Per capita GDP is GDP divided by population.
Real Growth rate is rate of GDP adjusted for price changes.
Unemployment rate = number of people willing and all to work but unable to find job.
Population below poverty line: People living below $2 per day income.
Gini index- This index shows income inequality by calculating % population against % income for a country.
Taxes and other revenue to GDP= This ratio gives for GDP how much tax is collected.
Public debt is borrowings by government.
All figures are as per 2018 data:
| Indicator | USA | India |
| Purchasing power parity | $1 | 17.12 Rupees |
| GDP Per capita | $62896 | $2010 |
| Real GDP growth rate | 3.1% | 6.81% |
| Unemployment rate | 3.6% | 4.1% |
| below poverty line population | 11.8% | 21.9% |
| Gini coefficient | 0.92 | 0.64 |
| Tax/GDP ratio | 27.1% | 16.8% |
| Public debt as % Of GDP | 104.26% | 68.05% |
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Name of country that you are comparing to USA:
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