Economics The Best Economy

EconomicsThe Best Economy

Manon, JiHyun, Jessie 

Countries

• United States of America• France• South Korea

• Why?

Criteria

• GDP per capita• Health Care• Education• Employment

Health Care

• Why health care?o shows wealth of peopleo indication of the government's care for its peopleo see if the economy is based on merit goods or

private goods o shows how much governements 

           invest in research against diseases

Health care indicators

• Total expenditure on health as % of GDP o USA 15.3% (France 11.1, South Korea 6.5)

 • Doctors per 1000 people

o France 3.37 (USA 2.3, South Korea 1.6) 

• Hospital beds per 1,000 peopleo France 7.7 (USA 3.3,South Korea 7.1)

 • People living with HIV AIDS per 1000 people 

o South Korea 0.173 (USA 3.267, France 1.995)

 • Maternal mortality per 100,000 

o USA 8 (France 10, South Korea 20)

Education

• Education shows the quality of human resources (labor) and the intellectual level of a country.

• Evaluates if the economy is spending money to increase the number of educated human resources

•  Many countries have high literacy rate, so it isn't useful indicator.

Indicators for Education

Category France South Korea

United States of America

Education Spending (% of total government expenditure)

11.4% (#77) 15.5% (#43) 17.1% (#38)

Education Spending (% of GDP)

5.6% (#40) 4.2% (#78) 5.7% (#37)

Education Spending (% of GNI)

5.8% (#45) 4.6% (#82) 5.9% (#41)

Education enrollment by level (Tertiary level)

2,119,149 (#16)

3,223,431 (#8)

16,611,711 (#1)

Employment

-Employment rate --> the percentage of the work-abled population used a labour in an economy

-Employment rate = economy eficiency

-Also how well the country's economy supports the citizens

Unemployment rate:South Korea:

 4.1% (2009 est.)country comparison to the world: 373.2% (2008 est.)

United States:

9.4% (2009 est.)country comparison to the world: 1095.8% (2008 est.)

  France:

 9.7% (2009 est.)country comparison to the world: 1137.4% (2008 est.)

And the winner is...

Watch the animation for the conclusion (follow the link below):

http://goanimate.com/movie/0nlpH9YESm-A?utm_source=linkshare&uid=0vCiJpuosFOc