Social Studies 10

Macroeconomics Review

1. Indicators for…

MEDCs:

  • Low Infant mortality rate (per 1000)- better diet and health care.
  • High Life expectancy (years) – due to the good health care and diet, the people of the population are able to live longer.
  • High Adult literacy (%) – a percentage of 99.9% or higher.
  • High GDP per capita 
  • Few/ No Population below the Poverty Line
  • Geography –  RARELY/NOT LANDLOCKED.

LEDCs:

  • High Infant mortality rate (per 1000) – poor health care and a higher risk of death for children.
  • Low Life expectancy (years) – poor health care and diet.
  • Low Adult literacy (%) – a percentage of 98% or lower, many people are unable to read or write.
  • Low GDP per capita 
  • Geography – USUALLY LANDLOCKED

2. The three pieces of information from Hans Rosling’s video that describes the global distribution of the wealth:

  • Hans Rosling stated that actually, education, health and social aspects are first than economic changes.
  • Also, he has described that there is no longer a gap between rich and poor. Although many people make generalizations that some places, like Africa, is poor as a whole country this cannot be true because there are differences in the economy between the two countries within the continent.
  • The 74% of the worlds income is distributed amongst the ‘rich people’.

3. Summarize the presentation of the MEDC group that went just before break. What was their original assertion? What did the data actually show? What does this mean for those countries and for using their data?

Our original assertion was that United States of America, United Arab Emirates, and Qatar are all MEDCs based on the GDP per capita. But later, we found that this was wrong. The graph showed that even if the GDP per capita is high, it does not necessary make the country a MEDC because of the other indicators such as the literacy rate and the population below the poverty line. This means the data was deceiving and the countries are not actually MEDCs but rather between the NICs and MEDCs.

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