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Bell Ringer #6 – 1/12/11

Bell Ringer #6 – 1/12/11. What does Real GDP per capita measure? Identify 3 factors used when calculating a nation’s Human Development Index (HDI). List 3 U.S. states that are part of the “underdeveloped core”.

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Bell Ringer #6 – 1/12/11

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  1. Bell Ringer #6 – 1/12/11 • What does Real GDP per capita measure? • Identify 3 factors used when calculating a nation’s Human Development Index (HDI). • List 3 U.S. states that are part of the “underdeveloped core”.

  2. “The Underdeveloped Core” - KY, TN, OK, AL, AR, LA, WV, & MS, - form region with HDI well below that of Mexico, Libya, & Malaysia.

  3. If you could fit the entire population of the world into a village consisting of 100 people, maintaining the proportions of all the people living on Earth, that village would consist of 57 Asians21 Europeans14 Americans(North, Central and South)8 Africans

  4. There would be: 52 womenand 48 men30 Caucasians and 70 non-Caucasians30 Christiansand 70 non-Christians89 heterosexuals and 11 homosexuals

  5. 6 people would possess 59% of the wealth and they would all come from the USA 80 would live in poverty70 would be illiterate50 would suffer from hunger and malnutrition1 would be dying1 would be being born1 would own a computer 1 (yes, only one) would have a university degree

  6. If you woke up this morning in good health, you have more luck than one million people, who won’t live through the week.

  7. If you have never experienced the horror of war, the solitude of prison, the pain of torture, were not close to death from starvation, then you are better off than 500 million people.

  8. If you can go to your place of worship without fear that Someone will assault or kill you, then you are luckier than 3 billion (that’s right) people. If you have a full fridge, clothes on your back, a roof over your head and a place to sleep, you are wealthier than 75% of the world’s population.

  9. If you currently have money in the bank, in your wallet and a few coins in your purse, you are one of 8 of the privileged few amongst the 100 people in the world.

  10. Define & Calculate GDP GNP Underground Economy Price Index Food from the ‘Hood Business Cycle Recession, Depression, Trough Expansion, Peak Public Expectations Real GDP per capita Standard of Living Human Development Index Labor Productivity Productivity Growth Study Guide – Friday’s Ch 10 Quiz

  11. Labor Productivity • Economists focus on productivity to determine a nation’s capacity to produce goods. • Labor Productivity measures how much each worker produces in a given period of time, typically an hour.

  12. Productivity Growth • Productivity Growth is increase in output of each worker per hour. • The 3 factors that influence growth: • Level of available technology • Quantity of capital goods available per worker • Education and skill level of the labor force

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