4/22/13  Warm-up: If you had to live in another country, where would you choose to live? Where would you definitely want to avoid? Why?  SWBAT: identify and explain factors that correlate to national wealth.

Your Task  Find your Falcon partner.  Complete Part A of Why Are Some Nations Wealthy?

Country A - Brazil  Per Capita GDP: $12,000  Life Expectancy: 72.8 years  Literacy Rate: 88.6%  Infant Mortality Rate: 20.5/1000

Country B - Japan  Per Capita GDP: $36,200  Life Expectancy: years  Literacy Rate: 99%  Infant Mortality Rate: 2.21/1000

Country C - Nigeria  Per Capita GDP: $2,700  Life Expectancy: years  Literacy Rate: 68%  Infant Mortality Rate: 74.36/1000

Country D - Russia  Per Capita GDP: $17,700  Life Expectancy: years  Literacy Rate: 99%  Infant Mortality Rate: 7.3/1000

Country E - Singapore  Per Capita GDP: $60,900  Life Expectancy: years  Literacy Rate: 92.5%  Infant Mortality Rate: 2.65/1000

Rankings 1.E (Singapore) 2.B (Japan) 3.D (Russia) 4.A (Brazil) 5.C (Nigeria)

The United States  Population: 317 Million  Per Capita GDP: $49,800  Life Expectancy: years  Literacy Rate: 99%  Infant Mortality Rate: 6/1000

Points to Ponder  How can some nations with few natural resources, such as Japan and Singapore, be relatively wealthy?  How can other nations with vast amounts of natural resources, such as Nigeria and Russia, be relatively poor?

11/07/14  Journal: From the excerpt and your notes from the Graphic Organizer– Prioritize what you believe to be the 3 most significant factors that support long term economic growth– improvements in the standard of living for all citizens in developing nations. Bullet point reasons for your choices.  Google Factors of Long Term Econ Development

Factors Contributing to Long-Term Economic Growth  High investment levels in physical and human capital  Greater economic freedom Greater economic freedom  Strong incentives to save and invest

Factors Contributing to Long-Term Economic Growth  Competitive markets  Low inflation  Political stability  Free trade  Recent Trends Recent Trends

The Key to Long-Term Economic Growth is….

Long-Run Economic Growth

11/07/14  Warm-up: Of 177 countries ranked on the Index of Economic Freedom, where do you predict the U.S. ranks? Explain.  SWBAT: Analyze data from the 2013 Index of Economic Freedom.