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Unformatted text preview: Discussion A countrys standard of living is typically calculated by measuring statistics such as a countrys income per capita, employment rate, and education levels. However, it does not account for statistics such as the inflation rate, population growth and environmental damage. This report will properly discuss why Norway has a better Standard of Living than Canada, New Zealand, Brazil, and South Africa. In order to correctly assess the statistics, the report will be divided into four categories: Economic, Social, People and Environment Sustainability. At the heart of every nation is its economy. This is what keeps a country functioning both on a national and international basis. The Gross Domestic Product is one of the most common indicators of an economys well-being. As reflected in Table 1.1 , Norway leads all other competitors with a GDP per capita of 40,000 ($US). However, an equally important statistic is the inflation rate. This figure presents the rate of change in prices and therefore a low inflation the inflation rate....
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This note was uploaded on 03/29/2010 for the course COMM 5555 taught by Professor Bernard during the Spring '08 term at Dalhousie.
- Spring '08