ECONOMIC ENVIRONMENT

POLICY
PRESENTATION ON
COUNTRIES’ WELL BEING

GROUP 4

•Saurabh Boobna
•Himanshu Purwar
•Abhishek Mittal
•Ronil Ghosliya
•Bhaskar Bharti
•Arti Kapoor
•Vikas Chutani
 ECONOMIC STATISTICS
Source: Human Development Report 2004, US

Country Real GDP Life expectancy (yrs) Adult literacy Internet usage
(per person in $) (% of population) (% of population)
USA 35750 77 99 55

Germany 27100 78 99 41

Japan 26940 81 99 45

Mexico 8970 73 91 10

Russia 8230 67 99 4

Brazil 7770 68 86 8

China 4580 71 91 5

Indonesia 3230 67 88 4

India 2670 64 61 2

Pakistan 1940 61 41 1

Bangladesh 1700 61 41 < 0.5

Nigeria 860 52 67 < 0.5

 QUESTION 1

Compare economic well being of other countries with

India from the table?
•

 USA is the leader in world economy. Why?

 Economies of Germany & Japan
 Economies of Mexico, Russia, Brazil & China
 Economies comparable to India
 Economies below India

 QUESTION 2

Goods and services not sold in market, such as food

produced and consumed at home, are generally not
included in GDP. Can you think of how this might
cause the numbers for real GDP per person to be
misleading in a comparison of economic well being
of USA and India? Explain.
•
Explanation…

 For example, home baked food products are not traded in
market instead they are consumed. For these, the labour
cost is not included in the GDP.
•

 In India the women participation in labour force is less as

compared to US economy, so, their labour cost is not
included in the GDP.
Thank You !!!