1. Global Economy 

2. Wealth: the total value of a country's resources (including material goods, natural resources, human resources)
What are some examples of resources that contribute to Canadian wealth?
Key Definitions

3. Economy: the system of production, distribution and consumption of goods and services in an area
What are some things that you associate with the word ECONOMY?
Key Definitions

4. Gross Domestic Product (GDP): The total value of everything produced in a country over the period of a year. A measure of a country’s total wealth.
GDP Per Capita: The total value of everything produced in a country in a year divided by the number of citizens. 
Key Definitions

5. Partners With your partner, analyze the World GDP Distribution Graphic
Write down 3 observations that you can make from this image
Write down 1 thing that you wonder or question after looking at this image
Partners

6. Why are some countries wealthier than others?
In partners, read the 3 textbook pages explaining why some countries tend to be wealthier than others.
While reading, write down 2 key points from each section under the following titles:
Natural Resources
Location
Human Resources
Which factor do you think has the biggest influence on a country's wealth? With your partner, prepare an argument to support your decision – will explain to class
Why are some countries wealthier than others?

7. Why are some countries wealthier than others?
1. Natural Resources - countries with lots of natural resources tend to be wealthier Other countries rely on these resources so they can sell the raw material to make $ 2. Location - if your location is central then there are lots of opportunities for trade and shipping (where you are in relation to the rest of the world) - what is near you (geograpic features that are useful, like harbours) 3. Human Resources - need skilled and knowledgeable people to use and manage raw resources to create an industry - improving literacy rate is key to
Why are some countries wealthier than others?