6 th Grade Social Studies Unit 6 Lesson

6 th Grade Social Studies Unit 6, Lesson 3: Why are some countries “rich” while others are “poor”? ” • • • What do you think people mean when they say a country is rich? How might living in a rich country differ from living in a poor country? What may account for different levels of wealth among countries? 1

Rich country or Poor country? ? ? ? 2

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What causes our incomes to increase? What is the main cause of economic growth? What is one way economists measure economic growth? 4

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Gross Domestic Product 7

ANALYZING GDP DATA 8

ANALYZING GDP GROWTH DATA 9

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• Is economic growth the same as development? Why or why not? • Would GDP be an effective indicator of development? Why or why not? • Is development dependent on economic growth? Why or why not? • Should development just be measured in terms of economic development? Why or why not? • Should development include factors relating to social development? If so, what might some of these factors be? ? ? ? ? ? ? ? ? 11

The United Nations Human Development Index The HDI is a single statistic which serves as a frame of reference for both social and economic development. 12

The United Nations Human Development Index The HDI is a single statistic which serves as a frame of reference for both social and economic development. Indicators used to calculate an HDI rating: • Years of schooling • Life expectancy • Income 13

Human Development Index 14

ANALYZING HDI DATA 15

COMPARING DATA GDP Growth HDI 16

What factors are likely to lead to economic growth in a country? 17

• Technological innovation • Investment in the factors of production (land, labor, capital) • A mixed economy • Political stability • Steady improvement of infrastructure like roads, water supply and electrical grids • Active involvement in global trade networks 18

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What factors are likely to negatively affect economic growth in a country? 20

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ACTIVITY Places that are very cold can make it difficult to grow food so food can be expensive. 23

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