Compare the ranking of U.S. GDP (purchasing power parity) to that of other countries by visiting the CIA’s World Factbook. After reading the article U.S.A comes up a bit short in global Better Life Index and comparing the relative ranking of U.S. GDP to other countries, what is the link between wealth and well-being? Do governments have a responsibility to address well-being?
Requirements: GDP is a measure of a country's value of final goods and service for a year. Comparing the GDP of all countries shows how productive these countries are in relationship to each other. Please use two paragraphs, a) and b) to answer the questions. For paragraph a), look at the ranking of the U.S compared to the other countries listed. Pick one of the countries (each student must pick a different country) and discuss whether the GDP for that country means the country is better off or worse off than the U.S. Is there a better measure of a country's well-being than GDP? For paragraph b), compare the Better Life Index for the U.S. to other countries in the study. Why is the U.S. lower in this measure than some other countries and does that mean anything important concerning wealth and welfare? I'm sure everyone has an opinion about whether a government should address the welfare (in general) of its citizens. Do you believe it's the responsibility of the government to help those less fortunate? Will helping those in need lead to an improvement in future productivity? Please be respectful of the views of your fellow students since this is a volatile subject. Don't forget to do a spell check and reread your posts prior to posting them.
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