Crash Course Economics #6 71 Productivity and Growth Part 1: Key Terms- Define each of the following concepts. 1. GDP per capita 2. Productivity 3. Human capital Part 2: Check Your Understanding- Complete the following. 4. According to the video, why is GDP per capita a better measure of living standards than just GDP? 5. In addition to a high GDP per capita, what are another three indicators that suggest that a country has high living standards? 6. Explain why Zimbabwe is relatively poor despite having plenty of natural resources. 7. According to the video, in what ways are technological improvements better than just producing more capital? Part 3: Chart Analysis- Watch the short video Top 20 Countries By GDP Per Capita and answer the questions. 8. What three countries led the world in GDP per capita from 1800 to 1850? 9. What country led the world in GDP per capita from 1945 to 1965? Is this country relatively large or small? 10. In the 1970s the United Arab Emirates (UAE), Qatar, and Saudi Arabia led the world in GDP per capita. Economically speaking, what do these three countries have in common? 11. What three countries are projected to have the highest GDP per capita between 2025 and 2040? Part 4: Online Research- Visit the United Nations' Human Development Index website and complete the following. 12. Pick a country and identify if it has relatively high or low living standards. Support your conclusion with at least three facts from the website. 13. Would you want to live in this country? Why or why not? @Copyright Jacob Clifford 2020. Www.ACDCecon.co Annual license required. Do not use unless you have purchased a licen