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I personally was interested in this topic because as patriotic as I am about Canada, my future aspirations include living somewhere else in the world for a couple years. Through this assignment, I have learned that countries, not just in Europe, but around the world which do not have populations in the extremes are the ones that welcome immigrants into a balanced lifestyle, with quality (healthcare, education, etc.) and also ample employment opportunities. So using the economic growth rate as well as standard of living, I, as well as others, can decide which country is the most suitable for our unique expectations.
https://www.cia.gov/library/publications/the-world-factbook/rankorder/2119rank.html
"Central Intelligence Agency." CIA. N.p., n.d. Web. 16 Jan. 2013.
https://www.cia.gov/library/publications/the-world-factbook/rankorder/2004rank.html
"Central Intelligence Agency." CIA. N.p., n.d. Web. 16 Jan. 2013.
https://www.cia.gov/library/publications/the-world-factbook/rankorder/2001rank.html
"Central Intelligence Agency." CIA. N.p., n.d. Web. 16 Jan. 2013.
http://www.eniscuola.net/en/sustainability/specials/over-7-billion-people-on-earth/
"Sustainability - Specials - Over 7 Billion People on Earth." Sustainability - Specials - Over 7 Billion People on Earth. N.p., n.d. Web. 16 Jan. 2013.
http://pdsblogs.org/chargerapes513/2012/12/05/488/
"PDS AP Env Sci 5th Period 2012-13." PDS AP Env Sci 5th Period 201213. N.p., n.d. Web. 16 Jan. 2013.
The data collected was based on the year 2011 however the populations in third world countries, especially in Africa, has been drastically decreased due to the AIDS epidemic. This is just an example because as useful as censuses are, they are only approximate. The populations for several countries could have been misrecorded due to many extraneous variables such as unregistered homeless individuals, illegal abortions, natural disasters and as previously mentioned, disease epidemics.
The information presented determines that as the population increases, the GDP decreases which refutes my hypothesis.
Though the initial graph for the purchasing power GDP showed a positive correlation, the data was very spread out and the outliers were skewering the accuracy of the data. When the outliers were analyzed, again the country with the lowest population was America and it has the highest purchasing power. When comparing the nominal GDP between two continents; Africa and Europe, the conclusion was that a lower is population means a more secure economy and higher GDP.
This is because the Western European countries called post-industrial nations, which are known for their high standards of living. Their population maintains a very efficient replacement rate which means that the amount of births are similar to the amount of deaths. Education is highly invested upon by their respective governments and illiteracy rates in these countries are very minuscule so employment is often readily available for those who present necessary qualifications. The means from which these countries gain population is through selective immigration.So even though the population is less than that of Africa’s and grows at a humble rate, it serves for a substantial economy which offers high annual incomes.
For Africa, however the increase in population is due to natality. Especially in third world countries where marriage at young ages are very traditional and the use of contraceptives is an uncommon practice. The consequences of women birthing children at a young age, are dwindling natural resources, healthcare as well as education and employment. This creates the foundation for corruption and poverty resulting in low incomes.
The comparisons show that Europe and Africa have similar populations. While there were no drastic fluctuations for in Europe’s data, sometimes there was a significant increase. However for African regions, the population was almost always remained slightly higher than Europe’s and at one point it increases in a very sharp peak. From this acquired data, Western Africa has the higher population.
Statistical Characteristics Values
Mean $12,875
Median $7,250
Maximum value $49,400
Minimum value $300
Standard deviation $13,761
Quartile 1 $1,975
Quartile 3 $18,100
90th percentile $37,710
10th percentile $1,473
In this line graph the range of the annual income for Europe is clearly much higher than the range of annual income for Africa. So after gathering the comparisons for both the population and the GDP, the results are that as the population increases, the GDP steadily decreases.
The purchasing power GDP is used to measure the economic growth of the country and also is used to determine exchange rates. Since the data for the purchasing power parity GDP has a high standard deviation, a different approach was taken and the population was then compared to nominal GDP. This is used to compare the standard of living as well as the wealth of a nation.
Mean $762,062,940,000
Median $179,550,000,000
Maximum value $1,508,000,000,000
Minimum value $5,184,000,000
Interquartile range $521,325,000,000
Quartile 1 $45,475,000,000
Quartile 3 $566,800,000,000
90th percentile $1,685,000,000,000
GDP (PPP)- The purchasing power parity of the Gross Domestic Product is used to determine how much goods and services a country is able to buy. This depends on how the currency of that country compares to that of the standard marker which is the U.S dollar. Countries with lower currency values (third world countries) also have very low exchange rates thus reducing their purchasing power parity.
As the population of a country increases so does it’s nominal and purchasing power GDP’s.
The result will help determine the wealth of a nation and which countries have a higher standard of living and will have a secure economy.
Nominal GDP (GDP per capita)- This gross domestic product is determined by taking the GDP(PPP) and dividing it by the population of the country. This gives the amount of income an average person in that given country receives annually. This can be used to determine the standard of living because a higher income means a more comfortable lifestyle and vice versa.