1. Contrast two or three key economic factors for each country with the U.S. economy, and comment. For example, if per capita GDP is significantly lower in the selected countries than in the United States, what might this imply? How would you rate the overall economic well-being for each country? Provide your rationale.

(1) Japan vs. U.S.

(a) GDP

(b) Population/Growth Rates

(c) HDI Rankings

(d) (Rate economic well-being for Japan with rationale support from a-d)

Solution a : GDP of Japan is trillion

               GDP of USA is  trillion

It imply that economic activity of USA is much more than the economic activity in Japan. It is not a proper indicator for these two countries as Japan is a much smaller country than USA. A better estimator would be GDP per capita in which...