Economic Information

1. Demographics.

U.S. death rate: 8

Canada death rate: 8
U.S. birth rate: 12
Canada birth rate: 11
U.S. female life expectancy: 81
Canada female life expectancy: 84
U.S. male life expectancy: 76
Canada male life expectancy: 79
U.S. total fertility rate: 1.8
Canada total fertility rate: 1.6
U.S. infant mortality rate: 5.8
Canada infant mortality rate: 4.3
U.S. GNI per capita: 58,030
Canada GNI per capita: 43,420
U.S. HDI rank: 10
Canada HDI rank: 10

The United States and Canada both have capitalist economic systems. They are in the same
economic group.

2. Economic Development.

Economic development in North America is very advanced compared to other parts of the world.
North America is in stage 4 of the Demographic Transition Model, which means they have a
slow, stable natural increase, a low death rate and a low birth rate. Women contribute to the
economy, so North America has twice the working population as regions where women do not
work as much. Because women are busy with their careers, they tend to have less children and
better family planning. North America has one of the highest GNIs in the world because of its
capitalist economy. The life expectancy in North America is high because the region has
enough food, money, water and healthcare services to keep the older population alive and
healthy.

3. Economic Assets.

Major Evaluative Natural Potential

Industries/ Comments on Resources Advantages of
Job Types Pre-existing Present Natural
Infrastructure Resources for
 Country

Canada Automotive Infrastructure Water, forests, Not included in

projects are big mining our country
and require a lot
of spending

Alabama Automotive Public Coal, timber, Iron ore can be

transportation iron ore used to build
isnt used often, infrastructure
causing it to
have a small
amount of
revenue

Alaska Petroleum Very reliable Oil, forests, Oil can be

power grid fishing extracted and
used for fuel

Arizona Transportation The quality of Copper, coal, Coal can be

roads and gold mined and used
bridges are high for energy

Arkansas Agriculture There is a very Fertile soil, Not included in

low public transit forests, water our country
usage

California Technology There is a lot of Minerals, timber, The soil can be

traffic in the fertile soil used for
higher populated agriculture,
areas, causing minerals can be
the commute mined and
time to be very extracted
high

Colorado Manufacturing A large amount Minerals, soil, Water can be

of people use water sent to states in
public drought
transportation

Connecticut Insurance Very low quality Forests Not included in

roads, ranked our country
#50 in the
country

Delaware Manufacturing Low quality Soil, mineral Not included in

bridges and deposits our country
internet speed

Florida Tourism High bridge and Beaches, Not included in

road quality minerals, our country
 phosphate

Georgia Agriculture High road and Minerals, Not included in

bridge quality forests, water our country

Hawaii Tourism High public Soil, water Not included in

transit usage our country
and bridge
quality

Idaho Manufacturing High power grid Minerals, water Forests can be

reliability and forests, soil used for timber
low internet
price

Illinois Manufacturing High public Soil, coal, Not included in

transit usage, petroleum, our country
high commute minerals
time

Indiana Automotive Higher road Soil, minerals, Not included in

quality water our country

Iowa Agriculture High power grid Soil, water Not included in

reliability and our country
renewable
energy use

Kansas Agriculture Low commute Soil, mineral Minerals can be

time, higher deposits extracted, soil is
quality roads good for
and bridges agriculture

Kentucky Professional and High quality Soil, coal Not included in

Business roads our country
Services

Louisiana Petroleum Low quality Oil and gas, soil, Oil and gas used
roads and forests for energy
bridges across the
country

Maine Healthcare Low public Granite, zinc, Not included in

transit usage soil, forests our country
and bridge
quality

Maryland Aerospace and High public Coal, limestone, Not included in

Defense transit usage natural gas our country
Massachusetts Financial Higher public Soil, granite, Not included in
Services transit usage marble our country

Michigan Automotive Low power grid Mineral deposits, Not included in

reliability water soil our country

Minnesota Bioscience Higher quality Soil, minerals, Not included in

bridges and forests our country
roads

Mississippi Agriculture Low renewable Petroleum, Not included in

energy usage water, soil, our country
forests

Missouri Healthcare Lower quality Soil, minerals Not included in

bridges and our country
roads

Montana Real Estate Poor road Coal, petroleum, Coal and

quality, low minerals petroleum can
public transit be used for
usage energy

Nebraska Agricultural Very high road Soil, water Fertile soil and
Manufacturing quality water can be
used for
agriculture

Nevada Tourism Ranked #1 for Mineral deposits Minerals can be

best extracted for use
infrastructure for across the
transportation country

New Hampshire Manufacturing High quality Forests, granite, Not included in

roads soil our country

New Jersey Biopharmaceutic High public Fertile soils Not included in

als transit usage our country

New Mexico Healthcare Higher quality Mineral deposits, Trees could be

bridges, lower forests used for lumber
quality roads to build houses

New York Financial Highest public Soil, minerals, Not included in

Services transit usage water, petroleum our country

North Carolina Aerospace and Higher road Soil, minerals, Not included in
Defense quality forests our country

North Dakota Agriculture Low commute Soil, minerals, Not included in

time, high road coal our country
 quality

Ohio Automotive Higher quality Salt, natural gas, Not included in

roads and minerals our country
bridges

Oklahoma Energy Low electricity Soil, water, Petroleum can

price petroleum be used for
transportation

Oregon Transportation Highest usage of Water, minerals, Water can be

renewable forests used for clean
energy energy

Pennsylvania Industrial Low quality Anthracite coal, Not included in

Machinery and roads and water, minerals our country
Equipment bridges

Rhode Island Healthcare Fast internet Granite, Not included in

speeds limestone, our country
sandstone

South Carolina Aerospace and High quality Soil, water Not included in
Aviation roads forests our country

South Dakota Agriculture Low public Soil, minerals Not included in

transit usage our country

Tennessee Automotive High quality Water, minerals, Not included in

roads and soil our country
bridges

Texas Petroleum Low power grid Petroleum, Gas can be used

reliability, high natural gas, to heat homes
quality bridges minerals

Utah Advanced High public Coal, minerals, Salt can be

Composites transmit usage, salt turned into table
high quality salt and used
bridges across the
country

Vermont Manufacturing Slow internet Forests, Not included in

speeds minerals our country

Virginia Agriculture Unreliable power Minerals, soil Not included in

grid causes a our country
high amount of
power outages
 Washington Transportation A large amount Forests, soil Soil can be used
of people use for agriculture
public transit

West Virginia Chemicals Low quality Coal, petroleum Not included in

bridges, low our country
electricity prices

Wisconsin Fruit and Low quality Forests, Not included in

Vegetable roads, high minerals, soil, our country
Preserving power grid cheese
reliability

Wyoming Mining Good quality Mineral deposits, Mineral deposits

roads and high water like gemstones
power grid can be mined
reliability and sold to
benefit the
economy

4. Maps.
Resources: US, Economics Below Resources: Canada, Economics Below
5. Population Pyramids.
 The age span of the older generations from 1950 to 2017 grew significantly from 80
years to 100 years because of the betterment of medicine and healthcare services. In 2100, the
percentage of people in the 100+ age category grew by .4%. In 1950, there was a very large
population of young children, the baby boomers that sprang up after World War II. There is also
a small population of elderly people, a trend which remains all the way to 2100. North America
is in stage 4 of the Demographic Transition Model because the amount of people in each age
group from 0-4 to 65-69 is relatively consistent.
6. Economic Issues.
1. A major ongoing issue in the Western United States, primarily California, is the
reoccurance of highly destructive wildfires. The effects of these disasters have made this
issue an issue economically as well. Inhabitants of certain areas continue to settle in
grassy landscapes near large forests prone to fire. This idea has been continuously
proven to be a bad idea, yet nobody is willing to change this pattern or move away from
these areas. This is an issue because people living in these areas can cause major fires
due to human error, or natural accidents may happen. Both pertain to the close quarters
humans keep with these wildfire prone areas. The economic toll these fires have on the
branches of power in these areas are far from minimal. The damages many of these
fires cause are out of the realm of our imaginations, and the costs to redevelop the areas
affected are very large. The money put towards redeveloping housing and vegetation in
these areas is large, along with the cost put towards prevention, has taken somewhat of
a toll on government spending. Another economic impact these have had are that
legislatures are beginning to pass bills pertaining to the way the state and its counties
share the cost of fighting these disasters, one being the Utah legislature. The goal of
these bills is to increase peoples interest in limiting fire vulnerable areas before its too
late.

2. Droughts have been an issue plaguing the Western US for many years. They have only
been getting longer and more severe of late. And while some Western states are not
experiencing drought, most of them are vulnerable to it. The increased vulnerability is
due to intensely fluctuating precipitation. As if these fluctuating precipitation numbers
arent low enough, they appear as if they will get worse in the years to come. These long
and hard droughts can cost the affected areas tons of money. An example being the
approximately 2.2 billion dollars in economic losses in 2014 that California was expected
to endure due to the delay in agricultural activities. But California is just an example. This
issue is something that all of the Western US is going through. Not only are the things
that these droughts are doing to us directly costing us money, but the major effects that
they have on our land can also cost legislature and government tons of money. The
indirect consequences of these droughts seem to have become just as bad as the direct
consequences, which is not a good sign.

3. Not everybody on our planet is as rich as the movie stars or the athletes of the world.
There are multiple different social classes, each being able to afford a different tier of
house. That statement may be more arguable now, and recently, with the inflation of
home costs in the US Western states. Homes are becoming so expensive that even
middle class people are struggling to afford them and be able to pay taxes along with
that. This inflation in home cost rates have negatively affected schools, as children who
could be paying to attend dont have a house to live in, and raising the regions
unemployment rates significantly. That main affect that this new housing cost has on
people, and the way the economy is indirectly affected as well, is something that has
been lingering for some time now, and something should be done.
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