Name ___________________________ Class _____________________ Date __________ CHAPTER 2 ANALYZING CHARTS AND GRAPHS Comparing Communism and Socialism 4 SECTION 3 In both communist and socialist nations, the government plays a major role in the economy. There are great differences, though. This chart gives some statistics and other information comparing communist North Korea to Sweden, which has a market economy but many socialist qualities. ◆ Study the information in the chart, and then answer the questions that follow. National Statistics North Korea Sweden Population Infant mortality rate (deaths per 1,000 births) Life expectancy at birth National production per person Economic aid —donor or recipient —extent Percentage of industrial output by private firms Personal income taxes Workweek Yearly vacation 23.5 million 21.9 72.2 years $1,900 9.0 million 2.75 80.7 years $36,900 Recipient $372 million Donor $3.95 billion 0% 90% n/a Unknown n/a Required ages 5–16; free 30–50% of income 37 hours 5 weeks 480 days, used by child’s 8th birthday Required ages 7–16; free Yes Poor n/a Yes Yes Very good Through union Yes Leave from work for child care Unknown Education Health care —provided by government —quality Unemployment insurance Old-age pensions Sources: CIA World Factbook; Encyclopedia Britannica; Swedish government Web site Questions to Think About 1. (a) How do the populations of the two countries compare? (b) How does their economic output compare? Sweden? (b) What price do they pay for those benefits? 4. (a) How do the standards of living compare in the two countries? Give evidence to support your judgment. (b) Do you think people’s standard of living in North Korea would improve if the country switched to a free market system? Why or why not? 2. (a) What percentage of national output is produced by private firms in each economy? (b) Which economy do you think is more productive? Why? 3. (a) How would you describe benefits the government provides to people in Copyright © by Pearson Education, Inc., or its affiliates. All rights reserved. 70
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