Public Economics - 1471 Words

NUI, Galway | Public Economics Essay: With respect to inequality and poverty how does Ireland compare to other Western industrialized countries? | Padraig Mc Govern | | 08604070 | 3/9/2012 | Lecturer: Professor Eamon O Shea Course code: 4BCM1 Introduction The following essay will compare Ireland with respect to inequality and poverty to the United States and the United Kingdom. I will use the country’s Gross Domestic Product (GDP) in order to analyse their position in the world’s economy; identify how to measure poverty; the main reasons for poverty and inequality in these three countries; use graphs and references to illustrate my evidence; and then finally give a brief conclusion to my essay. Anyone who sets out to†¦show more content†¦Statistics for United Kingdom | 1. Population= 60,776,2382. Population Below Poverty Line= 17%3. Unemployment Rate= 2.9%4. Infant Mortality Rate (Deaths/1,000 Live Births)= 5.015. Literacy Rate (Age 15 And Over Can Read And Write)= 99%6. Life Expectancy (At Birth, In Years)= 78.77. GDP (US$ Millions)= 1,429,6658. GDP/Capita (US$)= 24,2819. # of Refugees= 200,03610. % of Population With Water Access= 100% | While approximately 35 million live in poverty in the United States. It is one of the top four countries with highest rates of child poverty, without government assistance. In 2005, 17.6% of American children lived in poverty. The U.S. has more poor people per capita than any other industrialized country, and children are the most affected demographic group. In the United States, 12 percent of the population live below the poverty line. Statistics of United States | 1. Population= 301,139,9472. Population Below Poverty Line= 12%3. Unemployment Rate= 4.8%4. Infant Mortality Rate (Deaths/1,000 Live Births)= 6.375. Literacy Rate (Age 15 And Over Can Read And Write)= 99%6. Life Expectancy (At Birth, In Years)= 787. GDP (US$ Millions)= 10,019,7008.Show MoreRelatedEconomic Databases Are Collections Of Economic Information That Inform The Public About Economic Growth Or Decline?1211 Words   |  5 PagesEconomic databases are collections of economic information that inform the public about important issues that show economic growth or decline. These databases are very diverse and specific ranging from unemployment statistics to construction spending. The data is then used to help calculate long term and short term growth and let people know about economic opportunities. This information can be compared to different countries to let one country know where they measure between other countries. MyRead MoreThe General Public s Ignorance Of Economics962 Words   |  4 Pagesversa—how much they as individuals can affect the economy. 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