Factors That Influence Economic Growth

Factors that Influence Economic Growth SS7E10 The student will describe factors that influence economic growth and examine their presence or absence in India, China, and Japan. Create two bar graphs; one based on the countries’ GDPs and one on literacy rates. Your literacy rate graph should include the overall literacy rates, the male literacy rates, and female literacy rates. Compare the graphs and use the information to answer the questions at the bottom. India: Years of compulsory education: no compulsory education Literacy Rate- 62.8%; M-75.2%, F-50.8% GDP: $4.962 trillion (2013 est.)

China: Years of compulsory education: Up to Grade 9 Literacy Rate- 90.9%; M-97.5%, F-92.7% GDP: $13.37 trillion (2013 est.)

Japan: Years compulsory education: Up to Grade 9 (only 4% leave school after this grade) Literacy Rate- 99%; M-99%, F-99% GDP: $4.729 trillion (2013 est.)

North Korea Years of compulsory education: Up to Grade 11 (although it is poorly funded) Literacy Rate: 100%; M-100%, F-100% GDP: $40.0 billion (as of 2007)

Answer the following questions: 1. What is human capital? 2. What is Gross Domestic Product? 3. How does human capital influence GDP? 4. If the education level is low, is the GDP low? 5. What is investment capital? 6. How does investment capital influence GDP? 7. What is the relationship between human capital and GDP? (use statistics to support your answer) 8. What is the relationship between investment capital and GDP? (use statistics to support your answer) 9. Which SE Asian countries are investing in human capital? Use evidence to support your answer. 10. Which SE Asian countries are not investing in human capital? Use evidence to support your answer. 11. How does the presence or absence of natural resources impact a country’s economy? 12. How does entrepreneurship help the economic development of a country? 13. Which SE Asian countries do you think encourage entrepreneurship? Use evidence to support your answer.