Why some countries are rich and others are poor Video activity

The world consists of ....... countries, with ..... classified as very rich, having an average wealth per person exceeding $100,000 annually.

• 210 countries, with 10 classified as very rich.
• 196 countries, with 25 classified as very rich.

• 180 countries, with 20 classified as very rich.
• 200 countries, with 50 classified as very rich.

In stark contrast, there are nations where the average wealth is under ........... per year, translating to less than....... per day.

• $2,000, $6
• $1,000, $3
• $5,000, $15
• $800, $2.50

Despite all countries being on a ​ (a)   trajectory, the poorest are experiencing exceedingly slow ​ (b)   .

• growth
• progress
• decline, stagnation
• regression, failure
• rise, increase

............................. is projected to become a rich country only in the year 2722 if it maintains its current growth rate.

 Three primary factors determine a country's wealth:

Good institutions are crucial for economic success, as they enable countries to escape the cycle of ...........

Conversely, poor institutions correlate with high levels of (a)   , making it difficult for these nations to generate the (b)   needed for (c)   .

• corruption
• revenue
• development
• poverty
• economy
• relations

Rich countries typically have robust i..........., while poorer nations suffer from corruption. (WRITE THE WHOLE WORD)

Corruption limits tax collection, hindering investment in essential services such as (a)   , (b)   , and (c)  

• education
• health
• infrastructure
• entertainment
• luxury goods
• sports facilities

 In many poorer countries, employment practices are influenced by thinking, where hiring favors personal connections over merit.