Posted by: jwhiff | July 24, 2018

MN6: GDP of Underprivileged Nations

Now that your class has examined the earnings of the wealthiest people in the world, time to look at 10 nations that are nowhere near as wealthy as those 9 people. Remember to click on each heading if you need an explanation of the process.

Here are the GDPs of 10 Mystery Nations:

11.07

3.241

7.985

67.99

3.906

0.0015

21.15

21.79

37.01

9.631

Unit: Billion dollars. Thought I would do the reverse this time. What would the numbers look like if they were expressed in dollars instead of billions of dollars?

Experts: Your expert can find the correct matches by searching in this GDP list from the CIA World Factbook.  It is going to take a little searching, so you want a patient expert this time.  Plus, your expert may get confused about the 0.0015 number.  It is expressed as 1.5 million dollars in the original list.  I just converted it to billion dollars to make it more challenging and consistent with the other items.

By the way, you might want to supply all of the students with the following links this time.  They won’t know much about these places to begin with and so will resort to blind guessing.  You could also project this map to help them with the task.  These websites will help them to narrow the list down at least.

Countries:

Tokelau

Burundi

Mexico

South Sudan

Eritrea

Malawi

Mozambique

Denmark

Democratic Republic of Congo (DRC)

Argentina

Central African Republic

Liberia

Niger

I chose these nations not because they have the lowest GDPs, but because they have the lowest GDP per capita rates. This means that if the GDP of these nations were split evenly (and they aren’t, of course), their citizens would have the lowest individual wealth in the entire world.

As it is, it is pretty shocking to see the wealth of the ten nations in comparison to the wealth of the top nine billionaires (MN5). It is claimed that the wealth of these individuals is not only greater than the combined GDP of these nations, but of the combined “wealth” of more than half the world’s population! Is this true? I recommend investigating this one. What is the total wealth of these billionaires? How many countries’ GDPs equal their wealth? What are the populations of these countries? Here a couple of handy CIA World Factbook links to help you out:

Population

GDP


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