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Is gdp a good indicator of a country wealth

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Reference no: EM132476414

1. Is GDP a good indicator of a country's wealth? Why or why not? Explain.

2. What are the top 10 GDP/capita countries in the world? Please find the latest numbers. How does Canada and the USA rank in terms of GDP/capita?

3. How can we compare the GDP across countries?

4. Demonstrate how to use the CPI (CPI given) to compare dollar figures from different times (for example compare the cost of a cup of coffee in 2004 to 2014).

5. Why is the CPI important to seniors on a pension? Why would the CPI be important when you are negotiating your salary for a new job?

Reference no: EM132476414

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