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Lesson

# Closing the Gap

Time: 60 mins,
Updated: December 28 2020,

### Objective

Students will be able to:

• Compare standard of living using Real GDP per capita.
• Identify factors that influence real GDP to help countries with low GDP per capita close the gap with “wealthier” countries.

### Concepts

In this economics lesson, students will identify factors affecting GDP in different countries.

### Procedure

Warm-Up

Modeling

Group Activity

Tell students they will now be completing another activity that illustrates the differences in GDP per capita. Put students in small groups and distribute one set of the GDP: It’s a Match activity. Explain that you have compiled some data one a few countries and they need to work in their groups to create a table matching the country, its population, its 2018 GDP and its 2018 GDP per capita. Review student answers. Have each group write down three things that surprised them and share their answers with the rest of the class. Discuss any questions that students may have to debrief the activity.

Individual Activity

Remind students that countries collect a variety of data to learn more about their economy. Tell them this activity will help them understand the factors contributing to a nation’s GDP per capita. Distribute copies of the Analyzing the Data worksheet and the GDP Data File to each student. (Note: You may choose to have students access the data file on their laptops or other devices to complete this activity. You may also choose to have students work in pairs to complete the assignment.) Explain that they need to use the information in the data file to complete the assignment. Allow sufficient time for students to complete the assignment, then discuss their answers. Ask student what conclusions they can draw from this assignment. Answers should note that investments in technology/infrastructure, human health and capital, along with economic freedom have a strong, direct correlation with higher GDP per capita.

### Assessment

Have students write a short paragraph explaining two things they learned from this lesson and one thing a country could do to increase its GDP per capita.

### Extension

Activity 1

Put students into small groups. Assign each group a country and have them use the Dollar Street web site to compile a PowerPoint presentation on life in that country. Be sure they address the economic concepts presented in this lesson that relate to the country’s economic growth and standard of living.

Subjects:
Economics