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Identify and explain which country has a higher standard of living. Assess which county appears to be the most economically stable Evaluate which county appears
- Identify and explain which country has a higher standard of living.
- Assess which county appears to be the most economically stable
- Evaluate which county appears to have the most equal distribution of the country's wealth and prosperity
- Describe the challenges that were encountered in collecting the data and comparing the two countries
Economic Measure | USA | Year Collected | Italy | Year Collected |
Standard & Poor Rating | AA+ | 2011 | BBB | 2017 |
Real GDP | $19,846,720,000,000 | 2020 | $2,322,140,000,000 | 2020 |
Real Per Capita GDP | $60,200 | 2020 | $39,000 | 2020 |
GDP Sector Composition | ||||
Agriculture | 0.9% | 2017 | 2.1% | 2017 |
Industry | 19.1% | 2017 | 23.9% | 2017 |
Services | 80% | 2017 | 73.9% | 2017 |
GDP End Use Composition | ||||
Household | 68.4% | 2017 | 61% | 2017 |
Government | 17.3% | 2017 | 18.6% | 2017 |
Fixed Capital Investment | 17.2% | 2017 | 17.5% | 2017 |
Inventory Investment | 0.1% | 2017 | -0.2% | 2017 |
Exports | 12.1% | 2017 | 31.4% | 2017 |
Imports | -15% | 2017 | -28.3% | 2017 |
Population below poverty level | 15.1% | 2010 | 20.1% | 2018 |
Gini Index Coefficient | 41.1 | 2016 | 35.9 | 2017 |
Public Debt % of GDP | 78.8% | 2017 | 131.8% | 2017 |
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