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Cultural Differences Between Japan and Canada

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Submitted By arab18
Words 375
Pages 2
Alex Eid
9/12/10
T/R 12:30-1:50
International Economics Development
Writing Assignment 1 1. Bulgaria and Lebanon are countries that have many differences in their structure and lifestyle. Bulgaria and Lebanon are two countries that are considered to be listed as Upper-Middle income economies. Even though both of the countries are relatively close economically I would have to say life in Lebanon would be a little less expensive. 2. GNI is the most common measure of the overall level of economic activity, but PPP is a calculation of GNI using a common set of international prices for all goods and services to help provide more accurate comparisons of living standards. If you as an individual were to travel Bulgaria or Lebanon you would most definitely find that living and goods in these countries would be a lot more inexpensive then compared to in the United States. Something that might help explain this phenomenon is that the living standards are a lot different and not nearly as advanced as life in the U.S. . Items such as food and everyday supplies are cheaper but things such as technology tend to be harder to get and use in these countries. Even though items are cheaper does not necessarily mean it is better quality. Imports tend to be expensive and even if one of these countries where to have a resource they would most likely lack the technology to extract it. 3. The structure of economy for both of these countries are mainly Industry and Services, Agriculture seems to be the least important or least profitable to the countries. The life expectancy of people in these countries tend to be relatively high based on their per capita income, and illiteracy in these countries are low. For the most part many of the people occupying Bulgaria and Lebanon are literate and can read and write. The illiteracy rate is low. On the other hand the quality of life

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