§2.2 Measuring economic development

• Aardrijkskunde
• Middelbare school
• havo
• Leerjaar 1

Welcome!

Planning

• Welcome!
• What you will learn
• Recap
• Explanation §2.2
• Exercise 
• Learning goals check
• End

What you will learn

• Explain what kind of different economic development indicators you could use to compare the wealth of different countries 
• Explain what the advantages and disadvantages are of using these economic indicators 

Gross Domestic Product (GDP

the total value of all products and services produced by a country.

Research

Find two countries with a high GDP (write it down)

And two countries with a low GDP (write it down)

The difference in wealth between LEDC and MEDC can be difficult to determine, that's why we use . . .

1. GPD
2. PGD
3. DGP
4. GDP

What is not a disadvantage of using the gross domestic product per capita to compare countries?

1. It does not show unregistered jobs
2. It does not show regional differences
3. It does roughly show the average income per person
4. It does not show how much you can buy for $1

Economic employment sectors

• Another way to measure development is to look at economic employment sectors
• How to people earn their money?
• Three different sectors

Primary

Jobs: agriculture, mining, forestry

Price of product: relatively low

Income: low

Type of country: more in LEDC than in MEDC

Secondary

Jobs: factory jobs

Price of product: little more expensive

Income: little higher

Type of country: more in LEDC and less in MEDC

Tertiary

Jobs: service jobs, teacher, nurse or a lawyer

Price of service: expensive

Income: high

Type of country: more in MEDC than in LEDC

Employment sectors

• Three different sectors
  
• Some countries have more people working in the primary sector
• Some have more working in the tertiary sector
• The Netherlands and Kenya 

Big Mac Index

• Comparing purchasing power
• How much does a Big Mac cost in different countries?
• The value of money is not the same everywhere

The amount of goods and services you can buy with a certain amount of money.

Which of the circle diagrams has the highest tertiary sector?

1. 
2. 
3. 
4. 

Drag the jobs to the correct sector!

Primary sector

Secondary sector

Tertiary sector

Nurse

Forestry

Miner

Fisherman

Dressmaker

Lawyer

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Making the exercises!

• Make exercises of §2.2 Measuring economic development 1 t/m 5
  
• Whisper if you want to talk to you neighbour
• Read the book carefully
  
• If you have a question, raise you hand for help!
  
• Finished the exercises? Practice the keywords!

What you have learned

• Explain what kind of different economic development indicators you could use to compare the wealth of different countries 
• Explain what the advantages and disadvantages are of using these economic indicators 

End of lesson!

Homework: Read §2.2 and make the exercises!