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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.
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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
2 Population: 24,317,000 Area: 120,540 sq km
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)
4 Population: 6,547,189 Area: 1,092 sq km
Natural resources: outstanding deepwater harbor, feldspar
5 Population: 7,240,463 Area: 41,290 sq km
Natural resources: hydropower potential, timber, salt
6 Population: 45,948,811 Area: 98,480 sq km
Natural resources: coal, tungsten, graphite, molybdenum, lead, hydropower
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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.
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1Population: 50,447,719
GDP $161 BillionArea: 603,700 sq km
Natural resources: iron ore, coal, manganese, natural gas, oil, salt, sulfur, graphite, titanium, magnesium, kaolin, nickel, mercury, timber
2Population: 24,317,000
Area: 120,540 sq km GDP $20.9 Billion
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
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)
4Population: 6,547,189
Area: 1,092 sq km GDP $163 Billion
Natural resources: outstanding deepwater harbor, feldspar
5Population: 7,240,463
Area: 41,290 sq km GDP $161 Billion
Natural resources: hydropower potential, timber, salt
6Population: 45,948,811
Area: 98,480 sq km GDP $647 Billion
Natural resources: coal, tungsten, graphite, molybdenum, lead, hydropower
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Look at the GDP of each of the countries.
Which country has the highest GDP?
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1Population: 50,447,719
GDP $161 BillionArea: 603,700 sq km
Natural resources: iron ore, coal, manganese, natural gas, oil, salt, sulfur, graphite, titanium, magnesium, kaolin, nickel, mercury, timber
2
Population: 24,317,000 Area: 120,540 sq km
GDP $20.9 Billion
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
GDP 10.1 Trillion
Natural resources: coal, iron ore, petroleum, mercury, tin, tungsten, antimony, manganese, molybdenum, vanadium, magnetite, aluminum, lead, zinc, uranium, hydropower potential (world's
largest)
4Population: 6,547,189
Area: 1,092 sq km GDP $163 Billion
Natural resources: outstanding deepwater harbor, feldspar
5Population: 7,240,463
Area: 41,290 sq km GDP $161 Billion
Natural resources: hydropower potential, timber, salt
6Population: 45,948,811
Area: 98,480 sq km GDP $647 Billion
Natural resources: coal, tungsten, graphite, molybdenum, lead, hydropower
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So which country will you be moving to?
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1: Ukraine Population: 50,447,719
GDP $161 BillionArea: 603,700 sq km
Natural resources: iron ore, coal, manganese, natural gas, oil, salt, sulfur, graphite, titanium, magnesium, kaolin, nickel, mercury, timber
2: North Korea
Population: 24,317,000 Area: 120,540 sq km
GDP $20.9 Billion
Natural resources: coal, lead, tungsten, zinc, graphite, magnesite, iron ore, copper, gold, pyrites, salt, fluorspar, hydropower
3: China Population: 1,221,591,778
Area : 9,326,410 sq km GDP $10.1 Trillion
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
Population: 6,547,189 Area: 1,092 sq km GDP $163 Billion
Natural resources: outstanding deepwater harbor, feldspar
5: Switzerland
Population: 7,240,463 Area: 41,290 sq km
GDP $161 Billion
Natural resources: hydropower potential, timber, salt
6: South Korea
Population: 45,948,811 Area: 98,480 sq km
GDP $647 BillionNatural resources: coal, tungsten, graphite, molybdenum, lead, hydropower
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CHINASOUTH KOREAHONG KONG
SWITZERLANDUKRAINE
NORTH KOREA
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Do you think of China as being a “rich” country to live in?
• Most people think of China as relatively poor.
• Why?
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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?
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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
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CONCLUSION:
• THE NUMBER OF PEOPLE SHARING THE INCOME MAKES A DIFFERENCE.
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GDP PER CAPITA SHOWS HOW MUCH OUTPUT IS PRODUCED
PER MEMBER OF THE POPULATION.
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1: Ukraine
Population: 50,447,719 GDP $161 Billion
GDP per capita $3,170 Area: 603,700 sq km
Natural resources: iron ore, coal, manganese, natural gas, oil, salt, sulfur, graphite, titanium, magnesium, kaolin, nickel, mercury, timber
2: North Korea
Population: 24,317,000 Area: 120,540 sq km
GDP $20.9 BillionGDP per capita $900
Natural resources: coal, lead, tungsten, zinc, graphite, magnesite, iron ore, copper, gold, pyrites, salt, fluorspar, hydropower
3: China
Population: 1,221,591,778 Area : 9,326,410 sq km
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
Population: 6,547,189 Area: 1,092 sq km GDP $163 Billion
GDP per capita $26,000 Natural resources: outstanding deepwater harbor, feldspar
5: Switzerland
Population: 7,240,463 Area: 41,290 sq km
GDP $161 BillionGDP per capita $22,600
Natural resources: hydropower potential, timber, salt
6: South Korea
Population: 45,948,811 Area: 98,480 sq km
GDP $647 BillionGDP per capita $14,200
Natural resources: coal, tungsten, graphite, molybdenum, lead, hydropower
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LIST THE COUNTRIES AGAIN, BEGINNING WITH THE
HIGHEST GDP PER CAPITA COUNTRY TO THE LOWEST GDP PER CAPITA COUNTRY
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1: Ukraine
Population: 50,447,719 GDP $161 Billion
GDP per capita $3,170 Area: 603,700 sq km
Natural resources: iron ore, coal, manganese, natural gas, oil, salt, sulfur, graphite, titanium, magnesium, kaolin, nickel, mercury, timber
2: North Korea
Population: 24,317,000 Area: 120,540 sq km
GDP $20.9 BillionGDP per capita $900
Natural resources: coal, lead, tungsten, zinc, graphite, magnesite, iron ore, copper, gold, pyrites, salt, fluorspar, hydropower
3: China
Population: 1,221,591,778 Area : 9,326,410 sq km
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
Population: 6,547,189 Area: 1,092 sq km GDP $163 Billion
GDP per capita $26,000 Natural resources: outstanding deepwater harbor, feldspar
5: Switzerland
Population: 7,240,463 Area: 41,290 sq km
GDP $161 BillionGDP per capita $22,600
Natural resources: hydropower potential, timber, salt
6: South Korea
Population: 45,948,811 Area: 98,480 sq km
GDP $647 BillionGDP per capita $14,200
Natural resources: coal, tungsten, graphite, molybdenum, lead, hydropower
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GDP PER CAPITA
• HONG KONG• SWITZERLAND• SOUTH KOREA• UKRAINE• CHINA• NORTH KOREA
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THE ECONOMIC MYSTERYHow could a country that has fewer
resources produce more output per person than a country that has more natural resources?
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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?
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Read what Peter Drucker and Michael Porter have to say
about this topic by reading the following article “What is
Productivity?”
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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?