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Econ 1720 Section _________________

Date _______________

County Freedom Index - HDI- GDP per capita worksheet

Using the HeritageFreedom Index web site:

http://www.heritage.org/index/

Describe or define the Index of Economic Freedom Index.

1 - What are the freedom categories that the index uses to rank countries? (List them out.)

2 - Once the countries are ranked in country ranking how does the index group the countries. For example, Free is the first group. Please list out the other groups.

3 - Using the United Nations Human Development site:

http://hdr.undp.org/en/humandev/

http://hdr.undp.org/en/countries/

Describe or define the Human Development Index.

4 - Using the information from the Index of Economic Freedom, using the following countries, Australia, United States, Mexico, Chile, India, Ukraine, Poland, Russian Federation, South Korea (Korea Rep.), a random country of your choice, Malawi, and Zimbabwe.

Use the GDP per capita data that is found on The Heritage site in the country's quick facts to complete the following table.

This link will display the country's Freedom Index score.

https://www.heritage.org/index/ranking

4 - Continued.

X-Y Chart data

x axis

y axis

Country

Where it ranks in terms of Free, Mostly Free, Moderately Free, Mostly Unfree, Repressed

Economic

Freedom Index

Value (Listed as Overall score. Value is between 1 and 100. Do not use country rank as your value)

GDP per

Capita

Australia

United States

17, Mostly Free

76.6

62,606

Mexico

Chile

India

Ukraine

Poland

Russia

South Korea

A county of your choice

Malawi

Zimbabwe

5 - In addition, you will graph the values as an X Y scatter plot. The graph will use GDP per capita on the Y axis and the Freedom Index composite score on the X axis.

Using Word insert feature, insert a chart, and choose an x - y (scatter chart) option. You will need two variables for each of your observations.

Enter your x and y observations. Use the Economic Freedom Index as your x data and use the GDP per capita as your y data. For example, if one of your county's Freedom index data is 67 and GDP per capita $7,500, enter 67 in the x column and 7,500 in the y column.

As an example, your graph will use the following as the axes.

GDP

per

Capita

Freedom Index value

Use the Insert Chart Function in Word. Select an x-y scatter plot.

6 - Using this link to UN HDI data fill in the following table.

http://www.hdr.undp.org/en/composite/HDI

Country

Category Very High, High, Medium, Low

UN HDI Rank

UN HDI value

GDP per Capita (Use the same data as used in part four.)

Australia

United States

Very High

17

0.926

62,606

Mexico

Chile

India

Ukraine

Poland

Russia

South Korea

County of your choice

Malawi

Zimbabwe

7 - Insert a x y scatter chart of each countries HDI Value and its GDP per capita. Use the HDI value as the x axis data and the GDP per capita as the y axis.

Insert your chart here.

Please answer the following:

8 - Briefly define GDP

9 - Briefly define GDP per capita

10 - When comparing economic growth between countries why do we need to use GDP per capita?

11- Briefly describe how the data is related in each your graphs.

9 - What does your data tell you about the Freedom Index of a country and its possible GDP percapita?

10 - What does your data tell you about the UN Development Index and its possible GDP per capita?

11 - What does this mean aboutthe level of freedom a country has and its welfare and its relative wealth?

12 - Can you see any patterns in the data you collected? In other words, do you think there is a relationship between GDP-per-capita, economic freedom, and human development? Why or why not? How might each of those factors impact individual well-being?

Create a Works Cited for you sources.