Report on Canada with the highest standards of living.

Essay by zombat00University, Bachelor'sB, November 2005

download word file, 2 pages 3.0

Through the research, Canada has proven to have the highest standard of living. Canada was par of five countries which were studied. The other four countries were Mexico, Finland, Japan and France. In more than 50% of the following categories Canada has proven to have the highest standard of living over Mexico, Finland, Japan and France. The categories are Gross National or Domestic Product, Consumer Prices, Unemployment Rate, Average Income, Average Level of Education, Population and Population Density, and Average Life Expectancy.

Canada is ranked at the top or in the recommended margin of the following categories: Consumer Prices, Unemployment Rate, Average Level of Education, and Population and Population Density. For the Consumer Prices category, the recommended inflation margin, which has been found to produce more proficient economies, is 2-3%. Canada has an inflation rate at 2.8%. The only other country with there inflation rate in that range is France at 2.1%.

Finland, Mexico and Japan are either above or below the recommended rate. For the Unemployment Rate category, the recommended unemployment margin, which has been found to produce more proficient economies, is 5-7%. Canada has an unemployment rate at 7% and with Japan at 4.7 %. Finland, France and Mexico are over the recommended rate. For the Average Level of Education category, the highest rate of schooling was Canada with 11.6 years. The rest of the countries trail with Finland, Japan, France, and then Mexico. Therefore Canada has the highest level of education out of the other four countries. For the Population and Population Density category, Japan has the highest population, following by Mexico, France, Canada, and then Finland. The lowest population density rate is Canada with 3.36 people per square kilometer, following is Finland, Mexico, France, and then Japan. Therefore Canada has the most proficient economy...