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2012 Summer Olympics (view source)

Revision as of 02:27, August 7, 2012

8 bytes added , 02:27, August 7, 2012

→‎Expected Medals: China, with the world's second-largest economy, is hardly low-GDP.

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==Expected Medals==

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~~There are many~~ factors ~~that~~ contribute to a ~~countries~~ success in the Olympics (population, proximity host country, culture) and [[Gross Domestic Product]] cannot be used as a fair proxy, due to low-GDP China comfortably coming first in the 2008 Olympics and Russia ranking third. Below is how the Olympic medals would be awarded if each country earned medals in proportion to their GDP, which vastly overestimates the United States' performance.

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Many factors contribute to a country's success in the Olympics (e.g., population, proximity to host country, culture), and [[Gross Domestic Product]] cannot be used as a fair proxy, due to low (per capita) GDP China comfortably coming first in the 2008 Olympics and Russia ranking third. Below is how the Olympic medals would be awarded if each country earned medals in proportion to their GDP, which vastly overestimates the United States' performance.

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