DOL Unit 10 lesson 1 and 2

The gross domestic product (GDP) of the United States is $50,859, which is much higher than most countries. Why is the GDP per capita often used as a sign of a country’s standard of living

• The higher a country’s GDP per capita, the higher the incomes of most people in the country.

• The higher a country’s GDP per capita, the lower the cost of goods and services in the country

• The higher a country’s GDP per capita, the more income the nation has to meet the needs of the people.

• The higher a country’s GDP per capita, the higher the number of people living in comfort and wealth in the country

• High literacy rate

• Low infant mortality

• High life expectancy

• Low risk of disease

• High levels of income

 Which of the following would be the best title for the bulleted list?

• Economic indicators for a Newly Industrialized Country (NIC)

• Characteristics of a More Developed Country (HDC)

• Economic indicators for a Low Standard of Living Country (LSLC)

• Characteristics of a Less Developed Country (LDC)

Based on the table, which of the following statements describes the country with the highest standard of living?

• 1. Egypt, because it has the largest population, a high birth rate, a relatively low death rate and life expectancy, and a moderate per capita purchasing power when compared to other nations. 

• Sudan, because it has a relatively high population, a high birth and death rate, a low life expectancy, and a low per capita purchasing power compared to other nations in the region

• Tunisia, because it has the lowest birth rate, a relatively low death rate, a high life expectancy, and a higher per capita purchasing power when compared to other nations in the region

• Morocco, because it has a moderate population, a relatively high birth rate, a similar death and life expectancy rate, and a moderate per capita purchasing power rate compared to other nations

Which of these nations has the highest standard of living?

• 1. Bolivia

• Brazil

• Colombia

• Argentina

 Based on the information in the table, which country is more developed than the others?

• 1

• 2

• 3

• 4