Look at the GDP of each of the countries. Which country has the highest GDP?
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Transcript of Look at the GDP of each of the countries. Which country has the highest GDP?
It has just been announced that in the interest of world harmony, all students are required to move
to another country. You must now choose your new homeland. Try to select a country or region
that you think has a high standard of living.
Select a country/region
1 Population: 50,447,719 Area: 603,700 sq km
Natural resources: iron ore, coal, manganese, natural gas, oil, salt, sulfur, graphite, titanium, magnesium, kaolin, nickel, mercury, timber
2 Population: 24,317,000 Area: 120,540 sq km
Natural resources: coal, lead, tungsten, zinc, graphite, magnesite, iron ore, copper, gold, pyrites, salt, fluorspar, hydropower
3 Population: 1,221,591,778 Area : 9,326,410 sq km
Natural resources: coal, iron ore, petroleum, mercury, tin, tungsten, antimony, manganese, molybdenum, vanadium, magnetite, aluminum, lead, zinc, uranium,
hydropower potential (world's largest)
4 Population: 6,547,189 Area: 1,092 sq km
Natural resources: outstanding deepwater harbor, feldspar
5 Population: 7,240,463 Area: 41,290 sq km
Natural resources: hydropower potential, timber, salt
6 Population: 45,948,811 Area: 98,480 sq km
Natural resources: coal, tungsten, graphite, molybdenum, lead, hydropower
You were asked to make a choice without all the
information you needed. Now that you have more data on this second chart make a selection based on the new information.
1Population: 50,447,719
GDP $161 BillionArea: 603,700 sq km
Natural resources: iron ore, coal, manganese, natural gas, oil, salt, sulfur, graphite, titanium, magnesium, kaolin, nickel, mercury, timber
2Population: 24,317,000
Area: 120,540 sq km GDP $20.9 Billion
Natural resources: coal, lead, tungsten, zinc, graphite, magnesite, iron ore, copper, gold, pyrites, salt, fluorspar, hydropower
3
Population: 1,221,591,778 Area : 9,326,410 sq km
GDP $3,390 Billion
Natural resources: coal, iron ore, petroleum, mercury, tin, tungsten, antimony, manganese, molybdenum, vanadium, magnetite, aluminum, lead, zinc, uranium, hydropower potential (world's
largest)
4Population: 6,547,189
Area: 1,092 sq km GDP $163 Billion
Natural resources: outstanding deepwater harbor, feldspar
5Population: 7,240,463
Area: 41,290 sq km GDP $161 Billion
Natural resources: hydropower potential, timber, salt
6Population: 45,948,811
Area: 98,480 sq km GDP $647 Billion
Natural resources: coal, tungsten, graphite, molybdenum, lead, hydropower
Look at the GDP of each of the countries.
Which country has the highest GDP?
1Population: 50,447,719
GDP $161 BillionArea: 603,700 sq km
Natural resources: iron ore, coal, manganese, natural gas, oil, salt, sulfur, graphite, titanium, magnesium, kaolin, nickel, mercury, timber
2
Population: 24,317,000 Area: 120,540 sq km
GDP $20.9 Billion
Natural resources: coal, lead, tungsten, zinc, graphite, magnesite, iron ore, copper, gold, pyrites, salt, fluorspar, hydropower
3
Population: 1,221,591,778 Area : 9,326,410 sq km
GDP 10.1 Trillion
Natural resources: coal, iron ore, petroleum, mercury, tin, tungsten, antimony, manganese, molybdenum, vanadium, magnetite, aluminum, lead, zinc, uranium, hydropower potential (world's
largest)
4Population: 6,547,189
Area: 1,092 sq km GDP $163 Billion
Natural resources: outstanding deepwater harbor, feldspar
5Population: 7,240,463
Area: 41,290 sq km GDP $161 Billion
Natural resources: hydropower potential, timber, salt
6Population: 45,948,811
Area: 98,480 sq km GDP $647 Billion
Natural resources: coal, tungsten, graphite, molybdenum, lead, hydropower
So which country will you be moving to?
1: Ukraine Population: 50,447,719
GDP $161 BillionArea: 603,700 sq km
Natural resources: iron ore, coal, manganese, natural gas, oil, salt, sulfur, graphite, titanium, magnesium, kaolin, nickel, mercury, timber
2: North Korea
Population: 24,317,000 Area: 120,540 sq km
GDP $20.9 Billion
Natural resources: coal, lead, tungsten, zinc, graphite, magnesite, iron ore, copper, gold, pyrites, salt, fluorspar, hydropower
3: China Population: 1,221,591,778
Area : 9,326,410 sq km GDP $10.1 Trillion
Natural resources: coal, iron ore, petroleum, mercury, tin, tungsten, antimony, manganese, molybdenum, vanadium, magnetite, aluminum, lead, zinc, uranium, hydropower potential (world's
largest)
4: Hong Kong
Population: 6,547,189 Area: 1,092 sq km GDP $163 Billion
Natural resources: outstanding deepwater harbor, feldspar
5: Switzerland
Population: 7,240,463 Area: 41,290 sq km
GDP $161 Billion
Natural resources: hydropower potential, timber, salt
6: South Korea
Population: 45,948,811 Area: 98,480 sq km
GDP $647 BillionNatural resources: coal, tungsten, graphite, molybdenum, lead, hydropower
CHINASOUTH KOREAHONG KONG
SWITZERLANDUKRAINE
NORTH KOREA
Do you think of China as being a “rich” country to live in?
• Most people think of China as relatively poor.
• Why?
Consider this:
• Family A has an income of $80,000 per year.
• Family B has an income of $60,000 per year.
• Which sounds better?
Analyze this information:
• Family A has 2 parents and 8 children• Family B has 2 parents and 1 child• Which family will be able to acquire
more goods and services?• Family A has only $8,000 per person• Family B has $20,000
CONCLUSION:
• THE NUMBER OF PEOPLE SHARING THE INCOME MAKES A DIFFERENCE.
GDP PER CAPITA SHOWS HOW MUCH OUTPUT IS PRODUCED
PER MEMBER OF THE POPULATION.
1: Ukraine
Population: 50,447,719 GDP $161 Billion
GDP per capita $3,170 Area: 603,700 sq km
Natural resources: iron ore, coal, manganese, natural gas, oil, salt, sulfur, graphite, titanium, magnesium, kaolin, nickel, mercury, timber
2: North Korea
Population: 24,317,000 Area: 120,540 sq km
GDP $20.9 BillionGDP per capita $900
Natural resources: coal, lead, tungsten, zinc, graphite, magnesite, iron ore, copper, gold, pyrites, salt, fluorspar, hydropower
3: China
Population: 1,221,591,778 Area : 9,326,410 sq km
GDP $3,390 BillionGDP per capita $2,800
Natural resources: coal, iron ore, petroleum, mercury, tin, tungsten, antimony, manganese, molybdenum, vanadium, magnetite, aluminum, lead, zinc, uranium, hydropower potential (world's largest)
4: Hong Kong
Population: 6,547,189 Area: 1,092 sq km GDP $163 Billion
GDP per capita $26,000 Natural resources: outstanding deepwater harbor, feldspar
5: Switzerland
Population: 7,240,463 Area: 41,290 sq km
GDP $161 BillionGDP per capita $22,600
Natural resources: hydropower potential, timber, salt
6: South Korea
Population: 45,948,811 Area: 98,480 sq km
GDP $647 BillionGDP per capita $14,200
Natural resources: coal, tungsten, graphite, molybdenum, lead, hydropower
LIST THE COUNTRIES AGAIN, BEGINNING WITH THE
HIGHEST GDP PER CAPITA COUNTRY TO THE LOWEST GDP PER CAPITA COUNTRY
1: Ukraine
Population: 50,447,719 GDP $161 Billion
GDP per capita $3,170 Area: 603,700 sq km
Natural resources: iron ore, coal, manganese, natural gas, oil, salt, sulfur, graphite, titanium, magnesium, kaolin, nickel, mercury, timber
2: North Korea
Population: 24,317,000 Area: 120,540 sq km
GDP $20.9 BillionGDP per capita $900
Natural resources: coal, lead, tungsten, zinc, graphite, magnesite, iron ore, copper, gold, pyrites, salt, fluorspar, hydropower
3: China
Population: 1,221,591,778 Area : 9,326,410 sq km
GDP $3,390 BillionGDP per capita $2,800
Natural resources: coal, iron ore, petroleum, mercury, tin, tungsten, antimony, manganese, molybdenum, vanadium, magnetite, aluminum, lead, zinc, uranium, hydropower potential (world's largest)
4: Hong Kong
Population: 6,547,189 Area: 1,092 sq km GDP $163 Billion
GDP per capita $26,000 Natural resources: outstanding deepwater harbor, feldspar
5: Switzerland
Population: 7,240,463 Area: 41,290 sq km
GDP $161 BillionGDP per capita $22,600
Natural resources: hydropower potential, timber, salt
6: South Korea
Population: 45,948,811 Area: 98,480 sq km
GDP $647 BillionGDP per capita $14,200
Natural resources: coal, tungsten, graphite, molybdenum, lead, hydropower
GDP PER CAPITA
• HONG KONG• SWITZERLAND• SOUTH KOREA• UKRAINE• CHINA• NORTH KOREA
THE ECONOMIC MYSTERYHow could a country that has fewer
resources produce more output per person than a country that has more natural resources?
For example:China is rich in natural resources, but
has a low per capita GDP.
South Korea has fewer natural resources, but still has a higher per
capita GDP.
How can South Korea have more goods and services than China?
Read what Peter Drucker and Michael Porter have to say
about this topic by reading the following article “What is
Productivity?”
Answer the following three questions. The answers will be found in the article.
• 1 What is the prime determinant of the average standard of living in
any nation?
• 2 What is productivity?
• 3 Why does productivity increase the standard of living in a nation?