Standard of Living

Countries with a high GDP per capita produce what type of goods?

• Agriculture (farming, fishing, raising animals)

• Manufacturing (making clothing, toys, assembling tech, supplies)

• Technology and services (designing tech, machinery, real estate, banking, investing, entertainment)

Countries with a medium GDP per capita produce what type of goods?

• Agriculture (farming, fishing, raising animals)

• Manufacturing (making clothing, toys, assembling tech, supplies)

• Technology and services (designing tech, machinery, real estate, banking, investing, entertainment)

Countries with a low GDP per capita produce what type of goods?

• Agriculture (farming, fishing, raising animals)

• Manufacturing (making clothing, toys, assembling tech, supplies)

• Technology and services (designing tech, machinery, real estate, banking, investing, entertainment)

Which is not an indicator of standard of living?

• Number of people in a country

• Percentage of people in a country that can read and write

• How well an economy works per person

• The average age a person can expect to live to in a country

What are characteristics of a country with a literacy rate of 54%? There may be more than one correct answer

• Poor infrastructure (roads, communication, sanitation)

• Poverty

• Large population under fifteen, small working age population (18-70)

• Well developed economy

What are characteristics of a country with a literacy rate of 98%? There may be more than one correct answer

• Poor infrastructure (roads, communication, sanitation)

• Poverty

• Small population under 15, large working class population

• Well developed economy

What are characteristics of a country with a life expectancy of 83 years? There may be more than one correct answer

• Poor infrastructure (roads, communication, sanitation)

• Poverty

• High population over 70

• Strong healthcare infrastructure (hospitals, doctors, medicine)

What are characteristics of a country with a life expectancy of 43 years? There may be more than one correct answer

• Poor infrastructure (roads, communication, sanitation)

• Poverty

• High population over 70

• Poor healthcare infrastructure (hospitals, doctors, medicine, supplies and machinery)

GDP per capita is useful because

• It shows how wealth is spread out around a population

• It gives a basic idea of how strong an economy is

• It tells how a population is growing

• It provides information about health and education

GDP is a bad indicator of standard of living because

• It does not take into account population (countries can have a high GDP but a low GDP per capita because of their population size)

• It shows the type of goods a country produces

• It indicates the amount of in a country