ciaThe past few days in my social studies class, we have been comparing different economies from around the world. To help aid in our conversation about comparasion students have been using the CIA World Factbook. This website provided by the CIA contains a wealth of information about every country around the world. In a few clicks of a button you can unlock information about any country’s economy, education, imports/exports, population, etc…

We used this website as a tool to compare four different countries: US, China, North Korea, and Chad. Students were asked to compare the countries by various economic factors that included everything from population to agriculture. Below is chart of information that was completed by one of my students (Lindsey R.), please feel free to check out here work.

US

(Constitutional Republic)

China

(Communist Single-Party State)

North Korea

(Socialist Single-Party State)

Chad

(Republic)

Population

307,212,123

1,338,612,968

22,665,345

10,329,208

Type of Economy

Free Market

Market

Free Market

Agriculture

Population below poverty line

12%

8%

NA

80%

Unemployment rate

7.2%

4%

NA

NA

Gross Domestic Product – real growth rate

1.1%

9%

3.7%

-0.8%

Inflation rate

3.8%

5.9%

NA

10.3%

Exchange rate per U.S. Dollar British Pounds/US Dollar: 0.5302             Canadian Dollars/US Dollar: 1.0364            Chinese Yuan/US Dollars: 6.9385          Euros/US Dollars: 0.6827                          Japanese Yen/US Dollars: 103.58 Renminbi Yuan/US Dollar: 6.9385 North Korea Wan/US Dollar: 140 Central Africa/US Dollar: 447.81
Agriculture – products Wheat, corn, other grains, fruits, vegetables, cotton, beef, pork, poultry, dairy, fish, forest products rice, wheat, potatoes, corn, peanuts, tea, barley, apples, cotton, oilseed, pork, fish rice, corn, potatoes, soybeans, cattle, pigs, pork, eggs cotton, millet, peanuts, rice,potatoes, cattle, sheep, goats, camels
Industries Petroleum, steel, motor vehicles, aerospace, telecommunications, chemicals, electrons, food processing, consumer goods, lumber, mining iron, steel, aluminum, coal, machine building, apparel, cement, chemicals, fertilizer, consumer products, food processing, transportation equipment, commercial space launch vehicles military products, machine building, electric power, chemicals, mining, food processing, tourism oil, cotton textiles, meatpacking, brewing, soap, cigarettes, construction materials

We will be using this chart in class on Wednesday to take a further look at these numbers and analyze the different economies of these four countries.

Mr. McClung

One thought on “Economic Comparison”

  1. this is a really great idea to use this form in your social studies class! and it’s great that your showing them about the different economies of different countries, it seems really interesting!

    Lindsay Sanders
    Dr. Strange’s EDM 310 Class
    University of South Alabama
    Mobile, Alabama

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