DATA EXERCISE #3 Due at the end of week 7 Format of the Project: The Data Exerci

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DATA EXERCISE #3
Due at the end of week 7
Format of the Project:
The Data Exerci

DATA EXERCISE #3
Due at the end of week 7
Format of the Project:
The Data Exercise must be posted to the LEO Student Assignments as a Attachments
are limited to a maximum two files in doc, docx., xls. xlsx., or rtf. formats. OTHER
FORMATS ARE NOT ACCEPTABLE, will not be reviewed or graded.
Please note that hand-written and scanned works, pdf. files, jpg. files, as well as
files posted in google drive, will not be accepted or graded.
Please note that starting from the Fall 2020 semester the UMGC moved to the 7th
Edition of the APA Style. The links to the 7th Edition of the APA Style
methodology are posted in Content – Course Resources – Writing Resources.
No more than 20% of the text of the project should be made up of quotes.
Please note that Use of the 7th Edition APA Citation Methodology is required for
all parts of the assignment
Written projects:
1. Must be typed, double-spaced, in 12-point Times New Roman or Arial font, with
one-inch margins
2. Must have the title page in APA-7th style
3. Must have in-text citations in APA-7th edition style
4. Must have reference list in APA-7th edition style. Please note that you must
reference the data you are using for the project
5. Must be prepared using word processing software (Microsoft Word preferred)
Data exercise #3 Assignment
Consists of two parts.
Part 1: GDP in Different Countries (weight 45% of the assignment
grade) Complete the following exercise:
Go to World Development Indicators database:
https://databank.worldbank.org/home.aspx
Click on World Development Indicators.
a. Select 12 countries for your project by checking the check boxes under
Country, including USA, China, and Norway.
b. Select the 2 data series GDP (current US$) and Population (Total) under
Series.
c. Select the most recent year under Time where data required for this
exercise is available. Otherwise, you will get zero for this part of the
project.
d. Choose Layout on the upper left side of the screen. Under Orientation
choose “Page” for Time, “Column” for Series, “Row” for Country.
e. Retrieve data. You can now retrieve data by clicking on the options on the
right upper side of the window. Clicking “Table” will allow you to see data.
Click “Download options” and choose “Data on this page only –
formatted”. This option will allow you to download the data in Excel, which
can then be copied into your report file. Or you can simply type the
required data into the table below. Fill in the table below.
f. Present the table in your project.
g. Calculate the per capita GDP for the most recent available year for the
countries with the equation given in the far right column.
Country GDP Population Per Capita GDP
1 2 3 4 = 2/3
Write a short report in your own words (2 pages, double-spaced), which contains
the analysis of the results you received. In this report consider, but do not be
limited to the following:
1. List the countries by highest per capita GDP to lowest.
2. Does the order remain the same for total GDP as for per capita GDP?
3. If not, explain why is it different?
4. Please analyze and discuss the significance of this data that you received
for this Data exercise.
5. Please reflect on what you have learned from this assignment.
Part 2: Index of Economic Freedom (weight 45% of the assignment
grade) Log onto the Heritage Foundation’s website at
https://www.heritage.org/index/
“Today, we live in the most prosperous time in human history. Poverty, sicknesses, and
ignorance are receding throughout the world, due in large part to the advance of
economic freedom. In 2023, the principles of economic freedom that have fueled this
monumental progress are once again measured in the Index of Economic Freedom, an
annual guide published by The Heritage Foundation, Washington’s No. 1 think tank.
For twenty-nine years the Index has delivered thoughtful analysis in a clear, friendly,
and straight-forward format. With new resources for users and a website tailored for
research and education, the Index of Economic Freedom is poised to help readers track
over two decades of the advancement in economic freedom, prosperity, and opportunity
and promote these ideas in their homes, schools, and communities.
The Index covers 12 freedoms – from property rights to financial freedom – in 184
countries.”
(https://www.heritage.org/index/)
Click on COUNTRY RANKING to find the Rank and the Overall Score of economic
freedom.
Click on EXPLORE THE DATA to find the Rank of business, trade, financial freedom,
and property rights.
1. Find the Rank and Overall Score in economic freedom (overall) of the countries
that you were using in part I of the assignment. Present this information as
table(s) in your project.
2. Find the scores in business, trade, financial freedom, and property rights of the
countries that you were using in part I of the assignment. Present this information
as table(s) in your project.
3. Compare the Rank in economic freedom (overall) and other indicators with the
order of the countries using the per capita GDP in the table in part I of the
assignment.
4. Write a report in your own words (2 pages, double-spaced), which contains
the analysis of the results that you received. Discuss the significance of
the data and what you feel is the relevance of rankings. Please reflect on
what you have learned from this assignment.
PRESENTATION OF THE DATA EXERCISE AND USE OF APA CITATION
METHODOLOGY (10%) of the project grade):
• Organization, format, and presentation of paper including the title page, introduction,
body, and summary. Begin each section with a subheading; use the subheadings
described in the assignment (3% of the project grade).
• Use of tables, figures, and other graphics to summarize and support analysis presented
in the paper. All tables and charts should have the numbering system: “Table 1”, a
substantive title, and a reference to the source of the information. (3% of the project
grade).
• Research sources and significance of research information and data, and use of APA
citation methodology (4% of the project grade).

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