Module 5 Project (Milestone 1)

Lesson 05.02

Name, location, geography 

1. Topographical Map

United States

Greece

Australia

 

2. Geographic features that impact production and trade.

United States 

  • Mountain ranges (Appalachian, Rocky)
  • Rivers (Mississippi, St. Johns)

Greece

  • Oceans (Aegean, Ionian)
  • Mountains (Voras, Zarkos)

Australia 

  • Deserts (Gibson, Great Victoria)
  • Oceans (Indian, South Pacific)
  • Great Barrier Reef

 

Economic System 

 

1.

United States – Mixed Economy

Greece – Market Economy

Australia – Market Economy

 

2.

United States – John Maynard Keynes (Capitalism protected by the government)

Greece – Adam Smith (Anti-government)

Australia – Adam Smith (Anti-government)

 

3.

United States – $14 trillion dollar deficit, recession, no money

Greece – debt crisis, inflation of currency, job unavailability

Australia – stable and competitive, consecutive growth since 1992

 

Lesson 05.03

 

Economic Indicators 

 

1. Current rate of unemployment

 

United States – 9.1%

Greece – 15%

Australia – 5.3%

 

2. Current rate of GDP per capita

 

United States – $47,184

Greece – $26,934

Australia – $42,131

 

3. Current EFW Index

 

United States – 7.6

Greece – 6.5

Australia – 8.0

 

4. Current balance of trade

 

United States – -44808.00

Greece – -2561.10

Australia – 1826.00

 

 

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