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OBJECTIVE
To compare characteristics of developed and developing nations and analyze data that is significant to the development of a wealth gap.
MATERIALS
❖ Computer with internet access
PROCEDURE
Use the words higher or lower to fill in the chart.
|Characteristics |Developed Countries |Developing Countries |
|population | | |
|gross domestic product | | |
|infant deaths | | |
|population under age 15 | | |
|population over age 65 | | |
|urban population | | |
|average life expectancy | | |
|adult literacy | | |
|safe drinking water | | |
|health care | | |
Background Information:
The gross domestic product (GDP) is the value 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.
Developed nation status is generally based on higher per capita GDP (at least $15,000 per capita), however there are many exceptions.
Most high-income countries have an industrial economy. High-income economies make up 15% of the world’s countries. The average income is ~$25,000. Low-income economies comprise about 60% of the world’s people. An average of $2,990 per capita is typical of the 25% of the people who live in middle-income economies.
Select one SOVEREIGN country from each of the seven areas to fill out the data table.
You will find all the information required in the World Factbook at .
| |Africa |Asia |Australia & Oceania |Europe |N America & Caribbean |South |Worldwide (Your Choice) |
| | | | | | |America | |
|Country | | | | | | | |
|Name | | | | | | | |
|Total GDP (Purch. Power) | | | | | | | |
|GDP/per capita | | | | | | | |
|Population | | | | | | | |
|Population Growth Rate | | | | | | | |
|External Debt | | | | | | | |
|Public Debt % of GDP | | | | | | | |
|Literacy Rate | | | | | | | |
|Infant Mortality (%) | | | | | | | |
|Life Expectancy | | | | | | | |
|Developed or Developing? | | | | | | | |
CONCLUSION
1. What is the average per capita GDP income amount generally used as the
cut off for establishing developed nation status? _________________________________
2. What percentage of countries have high-income economies? ____________________
3. How is wealth generally created? __________________________________________
________________________________________________________________________
4. List two reasons why a wealth gap exists. ___________________________________
________________________________________________________________________
________________________________________________________________________
5. Why do developed nations and developing nations both contribute to
environmental degradation?_________________________________________________
________________________________________________________________________
________________________________________________________________________
6. On which two continents are most of the developing nations located?
________________________________________________________________________
7. Using the parameters you researched for each of the nine areas, list
three identifying characteristics of developed countries. ___________________________
________________________________________________________________________
________________________________________________________________________
________________________________________________________________________
Calculate the per capita GDP of the United States based on a total population of
316,892, 103 (July 2014 est.) and a GDP of $16.72 trillion (2013 est.). Be sure to show your work:
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LAB #2 – THE WEALTH GAP
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