Economic Issues and Policy 5th Edition by Jacqueline Murray Brux

Exercise 7

Use the Central Intelligence Agency (CIA) World Factbook at http://www.cia.gov/cia/publications/ factbook/index.html to look up the current economic situation in any one of the Eastern industrialized countries. Has GDP been increasing or decreasing How high is the inflation rate How do some of the standards of living (life expectancy, infant mortality rate, and so on) compare with those presented in Chapter 10 for developing countries