Question

In this lesson we discussed issues related to transitional economies. Let's see how well you understand the concepts related to transitional economies. Your task: Follow this link to a World Bank Central and Easten Europe that once had some form of a communist economy and are now transitioning to a free market economy. Choose one of the following countries to profile. Locate and record on this form the following data: f less BulgariaCroatiaCzech Republic Estonia Hungary Latvia Lithuania PolandRomania Slovak RepublicSlovenia Country selected: (1 point) Part A: Data Collection (1/2 point cach) Central Europe U.S. data Selected country data income (per personS13,434555,200 birth (total) 76 79 (primary school completion rate) 97% 98% (CO2 6.9 17.0 cmissions-metric tons per capita) 62.0% 807% Part B: Questions to answer. (4 points each) Don't forget to write professionally and proofread your written work before you submi it. Running a spell checker will help, but it is not a substitute for rereading your work. Your work should in sentence format and be free of spelling, punctuation, capitalization, andor grammar rrors. 1. Based on your review of the profile of your country, how does the gross national income (GNI) of your selected country compare with the rest of Central Europe? How does it compare with the United States? 2. How does life expectancy of your selected country compare with the rest of Central Europe? How does it compare with the United States? 3. How do the education levels and urban residency status of your selected country compare with the rest of Central Europe? How do they compare with the United States? 4. How do the CO, emissions of your selected country compare with the rest of Central Europe? How do they compare with the United States?

Answer 1

Country selected: Bulgaria

Bulgaria is a country in central Europe that is transitioning from central planning economy towards a market-based economy.

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The table below gives the country data for the charecteristics:

GNI per capita, Atlas method (current US$)	7760
Life expectancy at birth, total (years)	74.61463
Primary completion rate, total (% of relevant age group)	94.63206
CO2 emissions (metric tons per capita)	5.871616
Urban population (% of total)	74.669

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1. The data shows that the GNI per capita of Bulgaria is lower than avarage of central Europe. It is also much lower than US PCGNI. The country falls in middle income group according to World bank data.
2. The life expectancy of Bulgaria is 74.6 years according to 2014 data. This is lower than that of Central Europe and the US.
3. The percentage of population completing primary education is 95. This is marginally lower than Central Europe and the US. In this country, 74.7% of the population lives in the urban area. This figure is higher than central Europe but lower than the US where 80% of the population lives in the urban area.
4. Bulgaria is a country with lower CO2 emission as compared to the US or Central Europe. The CO2 emission is only 5.9 metric ton which lower than central Europe (6.9 metric ton) and the US (17.0 metric ton).