1. Wealth How do we measure wealth?

2. Gross domestic product (GDP) This measures the wealth created in a country in a given year (includes the production of goods and services). Canada`s GDP as of 2012: 1.821 Trillion dollars USA`s GDP as of 2012: 15.68 Trillion dollars

3. Economic concepts GDP per capita: the population’s purchasing power. Annual growth: the annual growth of the GDP. Inflation rate: the overall increase in the price of goods and services for a given year.

4. Economic concepts (continued) Gross national income (GNI) per capita: It is the average income (salaries and investment income) earned by a country’s population.

5. Human Development Index (HDI)

6. What is it? It is an indicator that takes into account individual well-being and ability and not only income and money.

7. How is it calculated? GDP per capita at purchasing-power parity (takes into account cost of living) Life expectancy at birth Adult literacy rate Enrollment rate