Best economies
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Norway has the strongest economy based on an analysis of several key economic and quality of life indicators. The document compares wealth, cost of living, healthcare, and happiness indices for Japan, Australia, South Africa, and Norway. Norway ranks highest on GDP per capita, motor vehicle use, cost of calls and Big Macs, life expectancy, and happiness. The conclusion is that when considering wealth, cost of living, healthcare, and overall human development, Norway has the best economy among the countries analyzed.
Best economies
- 1. Alka, Hannah, Sonny, BryanThe Best economies in the world
- 2. WEALTH (GDP PER CAPITA)
- 3. WEALTH (MOTOR VEHICLE USE)
- 4. Cost of Living(Big Mac Index)Japan: $3.84Australia: $3.92South Africa: $2.45Norway: $7.20
- 5. Cost of Living(Big Mac Index) Normal Telephone Call Price: $0.03 Normal Big Mac Price: $3.99
- 6. COST OF LIVING (Average Cost per Call)Australia: $0.11South Africa & Japan: $0.09Norway: $0.14
- 7. HEALTH CARE (INFANT MORTALITY)
- 8. HEALTH CARE (DOCTORS PER THOUSAND)
- 9. HEALTH CARE (LIFE EXPECTANCY)1. Japan 82.17 Years2. Australia81.72 Years3. Norway80.7 Years4. South Africa49.2 Years
- 10. Happiness (Happiness index)6.8Japan7.9Australia4.98.1South AfricaNorway
- 11. ConclusionUsing above four criteria as well as the HDI (human development index) we can conclude that Norway is the top economy.NorwayAustraliaJapanSouth Africa
Editor's Notes
- #3: The happiness index measures the life satisfaction in each country though the compiled reports of life satisfaction by people in each country. There are three or four criteria in quantifying the happiness, so we only used this index to measure happiness. The life satisfaction, or happiness, is measure on a scale of 0-10 where 0 means dissatisfied and 10 means satisfied.
- #4: The happiness index measures the life satisfaction in each country though the compiled reports of life satisfaction by people in each country. There are three or four criteria in quantifying the happiness, so we only used this index to measure happiness. The life satisfaction, or happiness, is measure on a scale of 0-10 where 0 means dissatisfied and 10 means satisfied.
- #5: The happiness index measures the life satisfaction in each country though the compiled reports of life satisfaction by people in each country. There are three or four criteria in quantifying the happiness, so we only used this index to measure happiness. The life satisfaction, or happiness, is measure on a scale of 0-10 where 0 means dissatisfied and 10 means satisfied.
- #7: The happiness index measures the life satisfaction in each country though the compiled reports of life satisfaction by people in each country. There are three or four criteria in quantifying the happiness, so we only used this index to measure happiness. The life satisfaction, or happiness, is measure on a scale of 0-10 where 0 means dissatisfied and 10 means satisfied.
- #8: The happiness index measures the life satisfaction in each country though the compiled reports of life satisfaction by people in each country. There are three or four criteria in quantifying the happiness, so we only used this index to measure happiness. The life satisfaction, or happiness, is measure on a scale of 0-10 where 0 means dissatisfied and 10 means satisfied.
- #9: The happiness index measures the life satisfaction in each country though the compiled reports of life satisfaction by people in each country. There are three or four criteria in quantifying the happiness, so we only used this index to measure happiness. The life satisfaction, or happiness, is measure on a scale of 0-10 where 0 means dissatisfied and 10 means satisfied.
- #10: The happiness index measures the life satisfaction in each country though the compiled reports of life satisfaction by people in each country. There are three or four criteria in quantifying the happiness, so we only used this index to measure happiness. The life satisfaction, or happiness, is measure on a scale of 0-10 where 0 means dissatisfied and 10 means satisfied.
- #11: The happiness index measures the life satisfaction in each country though the compiled reports of life satisfaction by people in each country. There are three or four criteria in quantifying the happiness, so we only used this index to measure happiness. The life satisfaction, or happiness, is measure on a scale of 0-10 where 0 means dissatisfied and 10 means satisfied.