Download W7 The Wealth Gap W7 The Wealth Gap

Name______________________________________________ Date___________ Period________
THE WEALTH GAP
The Gross National Product (GNP) is the value (in US Dollars) of a country’s final output of goods and
services in a year. It is calculated by adding up the amount of money spent on a country’s final output of
goods and services, or by totaling the income of all citizens’ of a country including the income from
factors of production used abroad. Gross Domestic Product (GDP) only includes income from goods and
services earned within a country. The Per Capita GNP is the total GNP/population. For a developed
nation the cut off for establishing developed nation status is $3,500.
Average Income: Developed - $25,480
Developing - $520
Middle Income - $2,900
Website: https://www.cia.gov/library/publications/the-world-factbook/
Using the above website, select one country from each of the following areas of the world and fill out the
data table.
ANALYSIS QUESTIONS
1.List the developing and developed countries
Developed____________________________________________________________________
Developing___________________________________________________________________
2.Using the parameters you researched, list 5 identifying characteristics of developing countries.
(a)________________________________________________________________________________
(b)________________________________________________________________________________
(c)________________________________________________________________________________
(d)________________________________________________________________________________
(e)________________________________________________________________________________
3.How is wealth created?______________________________________________________________
__________________________________________________________________________________
__________________________________________________________________________________
4.How do GDP and GNP differ?________________________________________________________
__________________________________________________________________________________
__________________________________________________________________________________
5.What is the contribution to world pollution?(In general, what activities cause pollution in each?)
Developed___________________________________________________________________
Developing__________________________________________________________________
6. Calculate the per capita GNP of the United States based on a total population of 317 million and a
GNP of 16.8 trillion (Show how this is calculated).
____________________________________________________________________________________
Country name
GDP/per
capita
GDP
composition
by sector
Example
(North
America)
United
States
$50,700
Africa
Asia
Australia
Australia
$43,300
Ag: 1.1%
Ind:19.2%
Serv:79.7%
Ag: 4%
Ind:27. 3%
Serv:
68. 8%
Labor Force
72.%5 of
GDP
155 million
Unemployment
8.1%
29.3% of
GDP
12.15
million
5.2%
Export
Commodities
Soybeans,
fruit, corn,
organic
chemic als,
computers,
aut omobil es
Crude oil,
office
machi nes,
clothi ng,
furnit ure,
toys,
vehicle
parts
316, 668,567
coal, iron
ore, gol d,
meat,
wool,
alumina,
wheat,
Machi nery
& trans p.
equi p,
computers
and office
machi nes,
telec omm.
equi p. &
22, 262, 501
Population
below
Poverty line
Infant mortality
15.1%
Not
available
5.9/1000
4.49 / 1000
Life expectancy
78.62 years
Population
Growth rate
Age Structure
0.9%
81.98
years
1.11%
Debt
Import
Commodities
Population
0-14 yrs:
20%
15-24 yrs:
13. 7%
25-54 yrs:
40. 2%
55-64 yrs:
12. 3%
65 yrs and
over:
13. 9%
0-14 yrs:
18. 1%
15-24 yrs:
13. 4%
25-54 yrs:
42%
55-64 yrs:
11. 8%
65 yrs
and over:
14. 7%
Europe
South
America
Central
America