What do you think people mean when they say a country is rich?

Slides:



Advertisements
Similar presentations
Country Analysis Part 2 ElsenburgA.G. Partridge THE AFRICA AGENDA 06 November 2013.
Advertisements

World Geography 3202 Development Indicators. Gross National Product (GNP) GNP- Refers to the total value of all goods and services produced by a country.
AOF Business in a Global Economy Unit 2, Lesson 4 Political and Economic Systems Copyright © 2009–2012 National Academy Foundation. All rights reserved.
or How shiny is your toilet?
Natural Resources, Human Capital, Capital Goods, & Entrepreneurship.
RUSSIA. GDP = 5.6% “Gross Domestic Product” means all of a countries production. It is what everything that country owns added all together. Inflation.
 A piece of economic data (statistic)  indicates the direction of an economy.
© 2014 Pearson Education, Inc. Bellringer What do you think makes a person poor? What is this persons life like? Do you think an entire country can be.
E. Napp Economic Growth In this lesson, students will be able to identify factors which lead to macroeconomic growth. Students will be able to identify.
ECONOMIC SYSTEM COMPONENTS Private Ownership l Control of productive resources land labor capital that are used to produce goods and services.
Why Growth Rates Differ Chapter 8-3. Why Growth Rate Differ? A number of factors influence differences among countries in their growth rates.
6 th Grade Social Studies Unit 3, Lesson 4 Population Pyramids.
European Union. European Union Countries Physical Map of the EU Countries.
Wealth How do we measure wealth?. Gross domestic product (GDP) This measures the wealth created in a country in a given year (includes the production.
6 th Grade Social Studies Unit 3, Lesson 3 Demographic Transition.
Gross Domestic Product Chapter 12 Section 3 Economic Growth.
THEAFRIKAMARKET.COM ECONOMICS IN AFRICA TRACKING ECONOMIC GROWTH EXPLAINING: How does economic growth help reduce poverty in a country? ECONOMIC GROWTH.
CH4: The Economic Environments Facing Business. I. International Economic Analysis A universal assessment of economic environments is difficult because.
Section 3.1 What Is an Economy? Chapter 3 political and economic analysis Section 3.2 Understanding the Economy.
Natural Resources, Human Capital, Capital Goods, & Entrepreneurship
6th Grade Social Studies Unit 6, Lesson 1: What is Economics?
Lesson 1 Exploring the World of Business and Economics
Lecture 2 Macroeconomic Data and Variables
5.8 Development Indicators
THE REAL ECONOMY IN THE LONG RUN
THE REAL ECONOMY IN THE LONG RUN
6th Grade Social Studies Unit 3, Lesson 2 Population Growth
Standard of Living & Literacy Rate in Latin America
Human Development Index
Globalisation…. What is globalisation? Definition of globalisation ‘The ability to produce any goods (or service) anywhere in the world, using raw.
6th Grade Social Studies Unit 3, Lesson 1: Maps
Measuring Development
Chapter 2 Measurement Copyright © 2014 Pearson Education, Inc.
Natural Resources, Human Capital, Capital Goods, & Entrepreneurship
Warm - Up List 4 of the 7 continents and 3 of the five oceans.
The Measure of Wealth Ammu Nair Copyright 9/19/2018.
2 Our Global Economy 2-1 Economics and Decision Making
Economic Terms.
Natural Resources, Human Capital, Capital Goods, & Entrepreneurship
What do you think people mean when they say a country is rich?
Economic Geography.
© 2007 Thomson South-Western
Economic Development Economics Chapter 18.
7th Grade Social Studies Unit 6, Lesson 4: How did imperialism affect the future economic growth and development of colonized countries?
Natural Resources, Human Capital, Capital Goods, & Entrepreneurship
6th Grade Social Studies Unit 5, Lesson 4: Energy
© 2007 Thomson South-Western
Chapter 3 political and economic analysis Section 3.1
Productivity & Economic Growth
Natural Resources, Human Capital, Capital Goods, & Entrepreneurship
Economics Human Geography.
Gross Domestic Product
Economic Development Economics Chapter 18.
CH. 1 Introduction to Comparative Politics
Comparing Quality of Life
Chapter 17 How Economies Grow and Develop.
Economic Geography.
The HDI: Measuring Development
Natural Resources, Human Capital, Capital Goods, & Entrepreneurship
Natural Resources, Human Capital, Capital Goods, & Entrepreneurship
Natural Resources, Human Capital, Capital Goods, & Entrepreneurship
6th Grade Social Studies Unit 7, Lesson 1: Why Do People Institute Governments?
Chapter 3 Economic Environment of Business
Development.
Economic Systems © Brain Wrinkles.
Development Dilemmas.
6th Grade Social Studies Unit 3, Lesson 4 Population Pyramids
Chapters 1-3 Test is next Thursday (warm-ups due on test day)
Chapters 1-3 Test on Friday, February 2 (warm-ups due on test day)
6th Grade Social Studies Unit 3, Lesson 5: Migration
Presentation transcript:

6th Grade Social Studies Unit 6, Lesson 3: Why are some countries “rich” while others are “poor”?” What do you think people mean when they say a country is rich? How might living in a rich country differ from living in a poor country? What may account for different levels of wealth among countries?

Rich country or Poor country???????? Sao Paulo. 18 January 2015 <http://thestorewpp.tv/storage/GE_Sao%20Paulo_Street%20Art3.jpg?__SQUARESPACE_CACHEVERSION=1344871219089>.

Sao Paulo. 18 January 2015 <http://thestorewpp

What causes our incomes to increase? What is the main cause of economic growth?  What is one way economists measure economic growth?

ACTIVITY

17 Adapted from: “What Does Economic Growth Mean?” How Geography Influences Economic Growth. Poverty Education. 18 January 2015 <http://www.povertyeducation.org/geography-and-economic-growth.html>.

Gross Domestic Product Source: GDP Map. Wikipedia. 18 January 2015 <http://upload.wikimedia.org/wikipedia/commons/0/08/Map_of_countries_by_GDP_%28nominal%29_in_US%24.png>. Gross Domestic Product

ANALYZING GDP DATA Source: Countries Ranked by Gross Domestic Product. Wikipedia. 18 January 2015 <http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)>.

ANALYZING GDP GROWTH DATA  Source: GDP Growth Rate. Global Finance. 18 January 2015<http://www.gfmag.com/tools/global-database/economic-data/12369-countries-lowest-gdp-growth.html#axzz2sBpfLKH0>.  

18 19  

Is economic growth the same as development? Why or why not? Would GDP be an effective indicator of development? Why or why not? Is development dependent on economic growth? Why or why not? Should development just be measured in terms of economic development? Why or why not? Should development include factors relating to social development? If so, what might some of these factors be? ??????????????????????????????

The United Nations Human Development Index The HDI is a single statistic which serves as a frame of reference for both social and economic development.

The United Nations Human Development Index The HDI is a single statistic which serves as a frame of reference for both social and economic development. Indicators used to calculate an HDI rating: Years of schooling Life expectancy Income

Human Development Index  Map of Countries HDI. Wikipedia. 18 January 2015 <http://upload.wikimedia.org/wikipedia/commons/thumb/3/32/2013_UN_Human_Development_Report_Quartiles.svg/863px-2013_UN_Human_Development_Report_Quartiles.svg.png>.

ANALYZING HDI DATA  Source: Countries Ranked by HDI. Wikipedia. 19 April 2014 <http://en.wikipedia.org/wiki/List_of_countries_by_Human_Development_Index>.

COMPARING DATA GDP Growth GDP HDI   Source: Countries Ranked by HDI. Wikipedia. 18 January 2015 <http://en.wikipedia.org/wiki/List_of_countries_by_Human_Development_Index>; GDP Growth Rate. Global Finance. 18 January 2015 <http://www.gfmag.com/tools/global-database/economic-data/12369-countries-lowest-gdp-growth.html#axzz2sBpfLKH0>; Countries Ranked by Gross Domestic Product. Wikipedia. 18 January 2015 <http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)>.

What factors are likely to lead to economic growth in a country?   Source: GDP Growth Rate. Global Finance. 18 January 2015 <http://www.gfmag.com/tools/global-database/economic-data/12369-countries-lowest-gdp-growth.html#axzz2sBpfLKH0>.

Technological innovation Investment in the factors of production (land, labor, capital) A mixed economy Political stability Steady improvement of infrastructure like roads, water supply and electrical grids Active involvement in global trade networks   Source: GDP Growth Rate. Global Finance. 18 January 2015 <http://www.gfmag.com/tools/global-database/economic-data/12369-countries-lowest-gdp-growth.html#axzz2sBpfLKH0>.

ACTIVITY   Source: GDP Growth Rate. Global Finance. 18 January 2015 <http://www.gfmag.com/tools/global-database/economic-data/12369-countries-lowest-gdp-growth.html#axzz2sBpfLKH0>.

What factors are likely to negatively affect economic growth in a country?  

ACTIVITY  

ACTIVITY

ACTIVITY Places that are very cold can make it difficult to grow food so food can be expensive.  

Property of Oakland Schools Author: Carol Egbo Editor: Amy Bloom Copyright © 2010-2015 Oakland Schools