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Understanding Wealth Disparities: GDP and Economic Development

In this discussion, we explore why some countries are wealthy while others are not, focusing on Gross Domestic Product (GDP) and GDP per capita as key indicators. Larger countries, like developed nations, typically have higher GDPs, while smaller countries, often developing, show lower GDPs. By examining specific countries such as Bluelandia, Yellowtopia, Greenistan, and Redland, we can determine their wealth status. This session will help clarify the distinction between developed and developing nations using GDP data. How does your country compare?

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Understanding Wealth Disparities: GDP and Economic Development

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Presentation Transcript

  1. 1-16 12: Warm up Discuss this question with your group. Why are some countries wealthy and others are not?

  2. One tool we can use to understand the wealth of countries is to look at the GDP: Gross Domestic Product

  3. Cartogram ShowingCountries of the World

  4. Gross Domestic Product: Countries of the World The larger countries are developed countries and have high GDPs The smaller countries are developing countries and have low GDPs

  5. To figure out the GDP of your country let’s hear from some of the people who live there. Bluelandia Yellowtopia Greenistan Redland

  6. An even better way to figure out the wealth of a country is to look at the GDP per capita • Per capita means per person • Now take the GDP of your country and divide it by the number of people who live there • What is the GDP per capita of your country?

  7. Of our 4 countries: • Who is the wealthiest? • Who is the poorest? • Which countries would you consider developed? • Which countries would you consider developing?

  8. Ticket Out • What is the difference between a developed and a developing country? • RAPP your answer • Use the term GDP appropriately in your answer • Use per capita GDP too!

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