Question: Choose any country other than Canada, U.S.A, or India that you wish. Describe where they sit on the economic spectrum.

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.Hi Class,

I chose Denmark for this LA. Denmark has one of the highest GDP of $74,859 in the world. The standard of living is pretty high in Denmark as it is a very well developed country. An average annual wage is $64,126.70 but with benefits like health care, they also have high income tax. With that given, Government spending is high given that taxes are high but their public debt equals to 36.6% of the GDP which puts them healthy financially.

Denmark may have high personal tax rates but are really good corporate tax rates and policy giving people more freedom to look into opening up your own business. One area of the countries policy I really like to hear since small business are usually the backbone of any countries economy since they bring service/supplies to the population and tourist while creating jobs for people within the country.

Denmark relies on trading. Their imports and exports are pretty balanced which is important and the 2 biggest players that they deal with on the importing and exporting is Germany & Sweden. As they export raw materials and farming like fish, meat, dairy products but import more household materials and supplies such as clothing, furniture, toys, etc.

https://data.oecd.org/denmark.htm#profile-agriculture

https://www.heritage.org/index/country/denmark