Part 2: Index of Economic Freedom (weight 45% of the assignment grade)

Log onto the Heritage Foundation's website at https://www.heritage.org/index/

"Today, we live in the most prosperous time in human history. Poverty, sicknesses, and ignorance are receding throughout the world, due in large part to the advance of economic freedom. In 2021, the principles of economic freedom that have fueled this monumental progress are once again measured in the Index of Economic Freedom, an annual guide published by The Heritage Foundation, Washington's No. 1 think tank.

For twenty-seven years the Index has delivered thoughtful analysis in a clear, friendly, and straight-forward format. With new resources for users and a website tailored for research and education, the Index of Economic Freedom is poised to help readers track over two decades of the advancement in economic freedom, prosperity, and opportunity and promote these ideas in their homes, schools, and communities. 

The Index covers 12 freedoms - from property rights to financial freedom - in 184 countries."

(https://www.heritage.org/index/)

 

 Click on COUNTRY RANKING to find the Rank and the Overall Score of economic freedom.

Click on EXPLORE THE DATA to find the Rank of business, trade, financial freedom, and property rights.

1. Find the Rank and Overall Score in economic freedom (overall) of the countries that you were using in part I of the assignment. Present this information as table(s) in your project.
2. Find the scores in business, trade, financial freedom, and property rights of the countries that you were using in part I of the assignment. Present this information as table(s) in your project.
3. Compare the Rank in economic freedom (overall) and other indicators with the order of the countries using the per capita GDP in the table in part I of the assignment. 
4. Make report , which contains the analysis of the results that you received. Discuss the significance of the data and what you feel is the relevance of rankings. Please reflect on what you have learned from this assignment.

Transcribed Image Text:

GDP Per Capita 63,867.00 5,453,566.00 110,869.46 [WDI Ctry].[List].[GDP (current US$) China 72,794.00 India 331,893,745.00 69,287.54 United States 17,734,062,645,371.40 3,173,397,590,816.91 22,996,100,000,000.00 Population, total 1,412,360,000.00 1,393,409,033.00 GDP Per Capita 12,556.33 2,277.43 5,856,733.00 67,803.05 Indonesia 25,739,256.00 8,956,279.00 11,587,882.00 59,934.13 53,267.93 Japan France 9,364,000.00 67,499,343.00 125,681,593.00 51,744,876.00 51,767.79 51,430.08 43,518.54 39,285.16 34,757.72 Kenya Korea, Rep. Australia Belgium 441,532.00 31,722.66 Czech Republic Israel 396,914.00 28,239.37 Austria 10,703,446.00 3,899,000.00 1,412,360,000.00 26,378.50 17,398.77 Denmark Singapore 12,556.33 Croatia 3,708,610.00 276,361,788.00 1,393,409,033.00 5,042.39 Georgia 4,291.81 Brunei Darussalam 2,277.43 Bahamas, The 1,186,092,991,320.04 4,937,421,880,461.55 2,937,472,757,953.44 110,347,079,517.36 1,798,533,915,091.14 1,542,659,899,992.54 599,879,025,377.51 282,340,849,856.61 481,591,266,133.41 477,082,467,454.30 397,104,343,478.30 396,986,899,888.35 67,837,788,543.59 18,700,241,392.16 14,006,569,575.68 11,208,600,000.00 331,893,745.00 276,361,788.00 125,681,593.00 67,499,343.00 54,985,702.00 51,744,876.00 25,739,256.00 11,587,882.00 10,703,446.00 9,364,000.00 8,956,279.00 69,287.54 4,291.81 39,285.16 43,518.54 2,006.83 34,757.72 59,934.13 51,767.79 26,378.50 51,430.08 53,267.93 5,856,733.00 5,453,566.00 3,899,000.00 3,708,610.00 441,532.00 396,914.00 67,803.05 72,794.00 17,398.77 5,042.39 31,722.66 28,239.37 54,985,702.00 2,006.83 Bermuda 7,080,900,000.00 63,867.00 110,869.46 [WDI Ctry].[List].[Cou GDP (current US$) United States China Indonesia Belgium Israel Austria Population, total GDP Per Capita 331,893,745.00 1,412,360,000.00 [WDI Ctry] [List].[CouGDP [current USS) Bermuda 22,996,100,000,000.00 69,287.54 Japan India France Korea, Rep. Australia Denmark Singapore Czech Republic Kenya Croatia Georgia 17,734,062,645,371.40 4,937,421,880,461.55 3,173,397,590,816.91 2,937,472,757,953.44 1,798,533,915,091.14 1,542,659,899,992.54 1,186,092,991,320.04 599,879,025,377.51 481,591,266,133.41 477,082,467,454.30 397,104,343,478.30 396,986,899,888.35 282,340,849,856.61 110,347,079,517.36 67,837,788,543.59 18,700,241,392.16 12,556.33 Singapore 125,681,593.00 1,393,409,033.00 67,499,343.00 39,285.16 United States 2,277,43 Denmark 43,518.54 Australia 51,744,876.00 34,757.72 Austria. 25,739,256.00 276,361,788.00 59,934.13 Belgium 4,291.81 Israel 11,587,882.00 9,364,000.00 51,767.79 8,956,279.00 5,856,733.00 5,453,566.00 10,703,446.00 54,985,702.00 3,899,000.00 3,708,610.00 51,430.08 53,267.93 67,803.05 72,794.00 26,378.50 2,006.83 17,398.77 Brunei Darussalam 14,006,569,575.68 441,532.00 Bahamas, The Bermuda 11,208,600,000.00 396,914.00 7,080,900,000.00 63,867.00 31,722.66 28,239.37 110,869.46 Georgia Indonesia India Kenya GDP Ranking highest to lowest 5,042.39 France: Japan Korea, Rep. Brunei Darussalam Bahamas, The Czech Republic Croatia China 7,080,900,000.00 396,986,899,888.35 22,996,100,000,000.00 397,104,343,478.30 1,542,659,899,992.54 477,082,467,454.30 599,879,025,377.51 481,591,266,133.41 2,937,472,757,953.44 4,937,421,880,461.55 1,798,533,915,091.14 14,006,569,575.68 11,208,600,000.00 282,340,849,856.61 67,837,788,543.59 17,734,062,645,371.40 18,700,241,392.16 1,186,092,991,320.04 3,173,397,590,816.91 110,347,079,517.36 per capita GDP Ranking highest to lowest Population, total Highest GDP Lowest GDP Population ranking highest to lowest GDP Per Capita 63,867.00 5,453,566.00 110,869.46 [WDI Ctry].[List].[GDP (current US$) China 72,794.00 India 331,893,745.00 69,287.54 United States 17,734,062,645,371.40 3,173,397,590,816.91 22,996,100,000,000.00 Population, total 1,412,360,000.00 1,393,409,033.00 GDP Per Capita 12,556.33 2,277.43 5,856,733.00 67,803.05 Indonesia 25,739,256.00 8,956,279.00 11,587,882.00 59,934.13 53,267.93 Japan France 9,364,000.00 67,499,343.00 125,681,593.00 51,744,876.00 51,767.79 51,430.08 43,518.54 39,285.16 34,757.72 Kenya Korea, Rep. Australia Belgium 441,532.00 31,722.66 Czech Republic Israel 396,914.00 28,239.37 Austria 10,703,446.00 3,899,000.00 1,412,360,000.00 26,378.50 17,398.77 Denmark Singapore 12,556.33 Croatia 3,708,610.00 276,361,788.00 1,393,409,033.00 5,042.39 Georgia 4,291.81 Brunei Darussalam 2,277.43 Bahamas, The 1,186,092,991,320.04 4,937,421,880,461.55 2,937,472,757,953.44 110,347,079,517.36 1,798,533,915,091.14 1,542,659,899,992.54 599,879,025,377.51 282,340,849,856.61 481,591,266,133.41 477,082,467,454.30 397,104,343,478.30 396,986,899,888.35 67,837,788,543.59 18,700,241,392.16 14,006,569,575.68 11,208,600,000.00 331,893,745.00 276,361,788.00 125,681,593.00 67,499,343.00 54,985,702.00 51,744,876.00 25,739,256.00 11,587,882.00 10,703,446.00 9,364,000.00 8,956,279.00 69,287.54 4,291.81 39,285.16 43,518.54 2,006.83 34,757.72 59,934.13 51,767.79 26,378.50 51,430.08 53,267.93 5,856,733.00 5,453,566.00 3,899,000.00 3,708,610.00 441,532.00 396,914.00 67,803.05 72,794.00 17,398.77 5,042.39 31,722.66 28,239.37 54,985,702.00 2,006.83 Bermuda 7,080,900,000.00 63,867.00 110,869.46 [WDI Ctry].[List].[Cou GDP (current US$) United States China Indonesia Belgium Israel Austria Population, total GDP Per Capita 331,893,745.00 1,412,360,000.00 [WDI Ctry] [List].[CouGDP [current USS) Bermuda 22,996,100,000,000.00 69,287.54 Japan India France Korea, Rep. Australia Denmark Singapore Czech Republic Kenya Croatia Georgia 17,734,062,645,371.40 4,937,421,880,461.55 3,173,397,590,816.91 2,937,472,757,953.44 1,798,533,915,091.14 1,542,659,899,992.54 1,186,092,991,320.04 599,879,025,377.51 481,591,266,133.41 477,082,467,454.30 397,104,343,478.30 396,986,899,888.35 282,340,849,856.61 110,347,079,517.36 67,837,788,543.59 18,700,241,392.16 12,556.33 Singapore 125,681,593.00 1,393,409,033.00 67,499,343.00 39,285.16 United States 2,277,43 Denmark 43,518.54 Australia 51,744,876.00 34,757.72 Austria. 25,739,256.00 276,361,788.00 59,934.13 Belgium 4,291.81 Israel 11,587,882.00 9,364,000.00 51,767.79 8,956,279.00 5,856,733.00 5,453,566.00 10,703,446.00 54,985,702.00 3,899,000.00 3,708,610.00 51,430.08 53,267.93 67,803.05 72,794.00 26,378.50 2,006.83 17,398.77 Brunei Darussalam 14,006,569,575.68 441,532.00 Bahamas, The Bermuda 11,208,600,000.00 396,914.00 7,080,900,000.00 63,867.00 31,722.66 28,239.37 110,869.46 Georgia Indonesia India Kenya GDP Ranking highest to lowest 5,042.39 France: Japan Korea, Rep. Brunei Darussalam Bahamas, The Czech Republic Croatia China 7,080,900,000.00 396,986,899,888.35 22,996,100,000,000.00 397,104,343,478.30 1,542,659,899,992.54 477,082,467,454.30 599,879,025,377.51 481,591,266,133.41 2,937,472,757,953.44 4,937,421,880,461.55 1,798,533,915,091.14 14,006,569,575.68 11,208,600,000.00 282,340,849,856.61 67,837,788,543.59 17,734,062,645,371.40 18,700,241,392.16 1,186,092,991,320.04 3,173,397,590,816.91 110,347,079,517.36 per capita GDP Ranking highest to lowest Population, total Highest GDP Lowest GDP Population ranking highest to lowest