Name: _______________________________________
Date: _______________________
Comparing Economic Systems
As we have discussed in class, the United States is considered a Market Economy. We are all used to living in this economic system. But, consider how life would be
different if you lived in a country with a command economy, like North Korea. What about a traditional economy like Bangladesh?
Using the provided website, monitored and updated by the CIA annually, complete the chart on the next page comparing life in these three economic systems
www.cia.gov/library/publications/the-world-factbook/index.html
United States
North Korea
19
13
18.01%
22.4%
Life Expectancy at Birth - How long are children born today expected to live?
78.37
68.69
Total Fertility Rate - How many children does each woman have on average?
2.06
2.02
Literacy Rate - What percentage of people over the age of 15 can read and write? (total)
99%
99
Voted for
Dictator
Budget Expenditures
$3.456 trillion
3.3 billion
Budget Revenues
$2.162 trillion
$3.2 billion
GDP
$14.66 trillion
$28 billion
$47,200
$1,800
15.1%
NA%
153.9 million
12.2 million
9.6%
NA%
Exports (dollar amount)
$1.289 trillion
1.997 billion
Imports (dollar amount)
$1.936
$3.096 billion
4.06%
NA
5
4
Telephones - Main Lines in Use
141 million
1.18 million
Internet Users
245 million
Geography
Natural Resources - How many natural resources are available?
Land Use - What percentage of the land is arable (capable of being farmed)?
People
Government
Government Type - How are leaders elected?
Economy
GDP Per Capita - What is the value of goods and services produced per person
Population Below Poverty Line - How many people live in poverty?
Labor Force
Unemployment Rate
Military
Military expenditures as a Percent of GDP
Military branches:
Communication
Transportation
Railways (in km)
Paved Roadways (in km)
Airports with Paved Runways
224,792 km
6,506,204 km
5,194
Bangladesh