Development&gdp intro
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While some people live in houses with access to fresh water, others struggle to find enough water to drink. Over 1 billion people live on less than $1 per day and 2.7 billion live on less than $2 per day. A country's wealth is often measured by GDP, but GDP per capita provides a better indicator by dividing a country's total GDP by its population.
Development&gdp intro
- 1. We live in houses like this……..
- 2. Whilst many people live in houses like this…….
- 3. We have no problem finding fresh water to drink and water the grass with!
- 4. Whilst other people can hardly find enough water to drink…
- 5. We have more food than we can eat……..
- 6. But did you know that……….
- 7. In 2001, 1.1 billion people lived on less $1 (CHF0.84) a day and 2.7 billion lived on less than $2 (CHF1.68) a day. How much do you think you live on? Could you live on $1,$2, $10?
- 8. The Rich Developed North and the Poor Less Developed South Is it simply a question of who has the most money? Why is the north rich?
- 9. How wealthy is your country? The average income of a person in the world is $12,000 In Qatar, the average income is $104,300 In the Democratic Republic of Congo, the average income is $400
- 10. How do we work out how wealthy a country is? GDP - Gross Domestic Product The total amount of money a country makes from all of the goods and services it produces. Goods = Things we buy and sell Services = jobs people are paid to do
- 11. GDP = Good + Services
- 12. But there is a problem China’s population = 1,343,239,923 people (Over 1.3 billion people) Switzerland’s population = 7,925,517 (Less than 8 million people) Which country is going to Which country is going to produce the most goods produce the most goods and services? and services?
- 13. GDP China’s GDP = $11,440,000,000,000 (that’s $11.44 trillion dollars) Switzerland’s GDP = $344,200,000,000 (only $344.2 billion) That is a huge difference!
- 14. But that doesn’t mean that China is the wealthiest country GDP/Capita = Gross Domestic Product population The money has The money has to go a long way to go a long way
- 15. GDP/Capita Is a much better way of showing how wealthy a country is. All the money a country makes All the money a country makes ÷÷ The number of people in the The number of people in the country. country.