DATA EXERCISE #3Due at the end of week 7Format 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 assignmentWritten projects must be:typed, double-spaced, in 12-point Times New Roman or Arial font, with margins no wider than one inchhave footnotes or endnotes, with correct citationshave a bibliography of sources usedinclude, for each entry, the author, title, city and state of publisher, publisher's name, year, and page numbersprepared using word processing software (Microsoft Word preferred), in a manner similar to the preparation of a written assignment for classroom submissionData exercise #3 AssignmentConsists 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.aspxClick on World Development Indicators.CountryGDPPopulationPer Capita GDP1234 = 2/3Write a short report in your own words (1 page, double-spaced), which contains the analysis of the results you have gotten. In this report consider, but do not be limited to the following:List the countries by highest per capita GDP to lowest.Does the order remain the same for total GDP as for per capita GDP?If not, explain why is it different?Please analyze and discuss the significance of this data and reflect on what you have learned from this exercise.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 2020, 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-six 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 186 countries.”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.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.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.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.Write a report in your own words (1 page, 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 the Data Exercise. The project should have the Title page. Each part of the Data Exercise must begin with sub-headings. Please use the sub-headings included in the assignment. Please use double space, with one-inch margins, and 12-point Times New Roman font. (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, like “Table 1…”, the title, and foot/end note to reference the source of the information. (3% of the project grade)Research Sources and Significance of Research Information and Data, Use of APA Citation Methodology (4% of the project grade).

Part 1: 500 words minimum. What do you see as your 3 main obstacles for building wealth? These are purely personal, although you can refer to Edelman's obstacles for ideas. The goal here is your personal introspection as to your likely future hurdles to overcome. Following up on those obstacles, address them directly in your financial plan, meaning how will you mitigate, or lessen, the potential impact of these obstacles. Part 2: 750 words minimum.Choose one of these three financial difficulties and, using your imagination and creativity, write a narrative on how you would cope with your chosen difficulty. Loss of a Spouse/Divorce: You must construct and describe a realistic plan of action for the financial challenges currently confronting a parent of two, ages 5 and 3, in his/her early 30’s trying to regain or maintain financial independence. You are not responsible for solving any financial problems, just for identifying the potential problems and offering solutions for coping with these problems both in the short run and long run.Natural Disaster: You must construct and describe a realistic solution to the financial problems currently confronting your family of three, you, your partner and a 9 year old child, struggling to reconstruct your life after losing everything in a devastating natural disaster such as a flood or wildfire. You are not responsible for solving any financial problems, just for identifying the potential problems and offering solutions for coping with these problems both in the short run and long run.Caring for a Family Member Unexpectedly: You must construct and describe a realistic and sensible solution to the problems currently confronting your family of three, you, your partner and a 9 year old child. You are the sole surviving relatives of a family member who is unexpectedly in need of care, both financial and residential, for the next five years. You are not responsible for solving any financial problems, just for identifying the potential problems and offering solutions for coping with these problems both in the short run and long run.