With learning about basic socio-demographic and socio-economic information. In particular, we will use the United States - the world's largest economy - as the comparative with the country Colombia's economy. Compare Colombia to the United States on each of the economic variables listed below.

1. GDP and GDP Per Capita: compare these values for Colombia with those for the United States, keep the year used as close as possible (the same year is preferred, if available), be specific about the currency in which the numbers are expressed - you should be able to obtain all values in US Dollars. If the values are in Purchasing Power Parity (PPP), do note that - most likely they will be in PPP.
2. Using the data you collected for question 1, compare the standard of living of Colombia to that of the United States (remember that by definition, GDP Per Capita is the universal measure of standard of living, but you may also include other variables if you wish).
3. What is the most recent inflation rate and does it compare to the inflation rate for the same year in the United States?
4. What is the most recent rate of growth of Colombia and how does it compare to the economic growth rate for the same year in the United States?
5. What explains the recent economic growth, or lack of growth in Colombia?

300- 350 words

Please cite and provide references