Both Canada and Australia have a ____________________ _______________________ Economy.
For both Canada & Australia, who would answer the 3 major economic questions (what to produce; how to produce; and who to produce it for)? _____________________________________________
When looking at the country’s debt, both Canada and Australia are very similar in number (_______________), but compare this # to the USA… how does it compare? _________________________ ______________________________________________________________________________________________________________
Which country’s GDP is going down? __________________________ Why do you think this is so? ______________________________________________________________________________________________________________
Looking at the currency exchange rate, if I (as a USA citizen) were to travel to both Canada and Australia, which one would my US Dollars disappear quickest in? _________________________ Why? _______________________________________________________________________________________________________
Why do you think that both Canada and Australia have high standards of living? (Discuss at least 4 separate things (education, healthcare, GDP, government structure, rights…etc.) _________________________________________________________________________________________________________________ _________________________________________________________________________________________________________________ _________________________________________________________________________________________________________________
Based on what you have learned in your data analysis of Canada and Australia’s economies, write a strong paragraph that describes the economies of both countries (include standard of living, literacy rate, GDP, government control, and personal freedoms in your answer). _______________________________________________________________________________________________________________