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


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)


Natural resources: outstanding deepwater harbor, feldspar


Natural resources: hydropower potential, timber, salt


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



Area: 120,540 sq km GDP $20.9 Billion


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)


Area: 1,092 sq km GDP $163 Billion








Look at the GDP of each of the countries.

Which country has the highest GDP?




2

Population: 24,317,000 Area: 120,540 sq km

GDP $20.9 Billion


3


GDP 10.1 Trillion


largest)










So which country will you be moving to?

1: Ukraine Population: 50,447,719



2: North Korea


GDP $20.9 Billion


3: China Population: 1,221,591,778

Area : 9,326,410 sq km GDP $10.1 Trillion


largest)

4: Hong Kong

Population: 6,547,189 Area: 1,092 sq km GDP $163 Billion


5: Switzerland


GDP $161 Billion


6: South Korea


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


2: North Korea


GDP $20.9 BillionGDP per capita $900


3: China


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


GDP per capita $26,000 Natural resources: outstanding deepwater harbor, feldspar

5: Switzerland


GDP $161 BillionGDP per capita $22,600


6: South Korea




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


2: North Korea


GDP $20.9 BillionGDP per capita $900


3: China


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


GDP per capita $26,000 Natural resources: outstanding deepwater harbor, feldspar

5: Switzerland




6: South Korea




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?

Look at the GDP of each of the countries. Which country has the highest GDP?

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