6 Is real GDP per person a sufficient measure of well being Economists tend to focus on real GDP per person as their primary way of comparing living standards among countries But they are also aware that real GDP per person does not capture many factors that affect the quality of life Go to the CIA World Factbook's rank order page at go to https www cia gov , select Library, Publications, The World Fact Book, and Guide to Country Comparisons Scroll down to the People section Click on Infant mortality rate Write down the rank and the infant mortality rate for the following four countries the United States, France, Mexico, and China Infant Mortality Rate Country Total Male Female Mexico 11 86 deaths 1000 live births 13 11 deaths 1000 live births 10 55 deaths 1000 live births China 6 76 deaths 1000 live births 7 19 deaths 1000 live births 6 3 deaths 1000 live births United States 5 17 deaths 1000 live births 5 55 deaths 1000 live births 4 77 deaths 1000 live births France 3 15 deaths 1000 live births 3 53 deaths 1000 live births 2 74 deaths 1000 live births Go back to the People section and click on Life expectancy at birth total For each of the four countries, write down its rank and life expectancy at birth Life Expectancy at Birth Total Country Total Male Female France 82 59 years 79 53 years 85 79 years United States 80 59 years 78 36 years 82 79 years China 77 72 years 75 years 80 7 years Mexico 72 32 years 68 93 years 75 88 years Now compare the data you just wrote down for infant mortality and life expectancy at birth with the GDP per person data shown in Global Perspective 21 1 on page 440 in your textbook Does the country with the highest GDP per person have the lowest infant mortality or the highest life expectancy Per Figure 21 1 (see image on the next page) The country with the highest GDP per person is the following Switzerland It ranked 194 (out of 227 countries) on the Infant Mortality rate list 3 58 I would consider this rank LOW compared to the rest It ranked 12 (out of 227 countries) on the Life Expectancy at Birth list 83 23 I would consider this rank HIGH compared to the rest U S dollars $60,000 2016 $40,000 $30,000 $70,000 $50,000 $10,000 $20,000 Switzerland Figure 21 1 Norway United States Ireland Austria Bank Group, Retrieved from Denmark Netherlands Germany Sweden Belgium Australia Canada Finland Japan France United Kingdom http data worldbank org indicator NY GNP PCAP PP CD Italy Israel Korea, Rep of Spain Per Capita Gross National Income for Selected Countries, Czech Republic Source Data from GNI per capita, PPP (current international $), The World Portugal Greece Hungary Turkey Russian Federation Chile Romania Mexico Thailand China Brazil Colombia South Africa Indonesia Egypt, Arab Rep Philippines Venezuela, R B Jordan India Vietnam Nigeria Pakistan Bangladesh Kenya LU Rwanda Ethiopia

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6. Is real GDP per person a sufficient measure of well-being? Economists tend to focus on real GDP per person as their primary way of

6. Is real GDP per person a sufficient measure of well-being?

Economists tend to focus on real GDP per person as their primary way of comparing living standards among countries. But they are also aware that real GDP per person does not capture many factors that affect the quality of life. Go to the CIA World Factbook's rank-order page at go tohttps://www.cia.gov/, select Library, Publications, The World Fact Book, and Guide to Country Comparisons. Scroll down to the People section. Click on "Infant mortality rate."

Write down the rank and the infant mortality rate for the following four countries: the United States, France, Mexico, and China.

Infant Mortality Rate
Country	Total	Male	Female
Mexico	11.86 deaths/1000 live births	13.11 deaths/1000 live births	10.55 deaths/1000 live births
China	6.76 deaths/1000 live births	7.19 deaths/1000 live births	6.3 deaths/1000 live births
United States	5.17 deaths/1000 live births	5.55 deaths/1000 live births	4.77 deaths/1000 live births
France	3.15 deaths/1000 live births	3.53 deaths/1000 live births	2.74 deaths/1000 live births

Go back to the People section and click on "Life expectancy at birth-total." For each of the four countries, write down its rank and life expectancy at birth.

Life Expectancy at Birth-Total
Country	Total	Male	Female
France	82.59 years	79.53 years	85.79 years
United States	80.59 years	78.36 years	82.79 years
China	77.72 years	75 years	80.7 years
Mexico	72.32 years	68.93 years	75.88 years

Now compare the data you just wrote down for infant mortality and life expectancy at birth with the GDP per person data shown in Global Perspective 21.1 on page 440 in your textbook. Does the country with the highest GDP per person have the lowest infant mortality or the highest life expectancy?

Per Figure 21.1(see image on the next page) The country with the highest GDP per person is the following:

Switzerland:
1. It ranked #194 (out of 227 countries) on the Infant Mortality rate list = 3.58; I would consider this rank LOW compared to the rest
2. It ranked #12 (out of 227 countries) on the Life Expectancy at Birth list = 83.23; I would consider this rank HIGH compared to the rest

U.S. dollars $60,000 2016 $40,000 $30,000 $70,000 $50,000 - $10,000 $20,000 Switzerland Figure 21.1 Norway United States Ireland Austria Bank Group, Retrieved from Denmark Netherlands Germany Sweden Belgium Australia Canada Finland Japan France United Kingdom http://data.worldbank.org/indicator/NY.GNP.PCAP.PP.CD Italy Israel Korea, Rep. of Spain Per Capita Gross National Income for Selected Countries, Czech Republic Source: Data from GNI per capita, PPP (current international $), The World Portugal Greece Hungary Turkey Russian Federation Chile Romania Mexico Thailand China Brazil Colombia South Africa Indonesia Egypt, Arab Rep. Philippines Venezuela, R.B. Jordan India Vietnam Nigeria Pakistan Bangladesh Kenya LU Rwanda Ethiopia