Use the Internet to search for answers to questions 1. Use reliable sources. 1. Define Gross Domestic Product (GDP) Follow the link http://data.worldbank.org/data-catalog/GDP-ranking-table, click on Data & Resources, right-click on the Excel table, open table in new tab, and answer the questions below for last year. Please note: Amounts in the list at the linked page are in millions of dollars - add six zeroes to the answers to get trillions as the actual amounts are in trillions. 2. What was the World's GDP in most recent year showing? ((Hint: Scroll way down. And remember, add six zeroes) 3. Which country had the highest GDP? What was the amount of this country's GDP? REMEMBER: Add six zeroes 4. Which country had the second largest GDP? What was the amount of this country's GDP? REMEMBER: Add six zeroes The third largest? Amount? REMEMBER: Add six zeroes 5. 6. What is the GDP of the Bahamas (hint - < $13,000 trillion)? its ranking? 7. How many countries had a GDP of less than $10,000 trillion (only count those showing a GDP? 8. Does this automatically mean these countries had a low standard of living as well? Why or why not? 9. Using the Internet, find the definition for Human Development Index (HDI). What does it measure? (Note: This index is the closest index to measuring the standard of living, although it measures items in addition to the standard of living as well.) 10. Follow the link http://hdr.undp.org/en/content/human-development-index-hdi. Under Data Center at the bottom click on Downloads and Documentations. (continued on page 2) Download Table 1: Human Development Index and its components. The data is for last year. Where does the Bahamas rank on the HDI? Where did it rank on GP? Where does the U.S. rank on the HDI scale? Where did it rank on GDP? China on HDI (not Hong Kong)? Where did China rank on GDP?