Using the World Factbook Site of the CIA found at,
https://www.cia.gov/library/publications/the-world-factbook/
investigate the following economic data for the countries of Australia, Italy, Norway, Jamaica, and Columbia.
- Purchasing Power Parity (PPP)
- Gross Domestic Product (GDP)
- GDP per Capita
- Labor Force
- Labor Force by Occupation
- Population Below the Poverty Line
Now, write a short narrative (2-2.5 pages) comparing the economies of the five nations.
Then using the economic data from Australia:
- assess the country's natural resources
- assess the country's population skills set
- determine in which areas (goods and services) the country should have a comparative advantage based on economic logic
Now, write a short narrative (3-3.5 pages) detailing why your country should have a comparative advantage in the areas you've identified.