1. What is a median. What is the median household income for Bell County
What is a median? What is the median household income for Bell County? What state has the highest overall income? The lowest?
Thinking Thursday
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2. US and Canada Economies and Trade Relations

3. US Economy
Considered to be the world’s largest single national economy
Mixed economy- government provides some needs to the people, market provides what the people want
Heavily based on services and data (tertiary and quaternary levels)

4. US Basics GDP- $18.4 trillion GDP per capita- $57,200
Population below poverty line- 15%
Unemployment- 8.1%
Major industries:
Technology innovation
Vehicles
Consumer goods
Natural resources: petroleum, lumber, mining

5. Canada’s Economy 11th largest economy in the world
Mixed economy- government provides some needs to the people, market provides what the people want
Considered to be more socialist than the US due to a larger number of needs provided by the government
Heavily based on services and natural resources (tertiary and primary levels)

6. Canada Basics Exchange Rate: US$1 = Canadian $1.12 GDP- $1.84 trillion
GDP per capita- US$ 51,594
Population below poverty line- 10%
Unemployment- 7.2%
Major industries:
Transportation
Natural resources: minerals, lumber, petroleum/natural gas, fish
Food production

7. Relationship
The economic relationship between the United States and Canada is extremely dependent on one another.
Canada’s #1 import partner is the United States, while the Canada ranks as #2 for the U.S.