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How much food can you buy for $5 around the world?
| Content Provider | TED Ed |
|---|---|
| Description | It is important to understand what the average worker in each country would make in dollars each year. Per Capita Gross National Income or GNI is a fancy way of saying average income. The United Nations data on these statistics is well regarded. Here is a link to per capita GNI statistics from the United Nations using the Atlas method. Here is a link to per capita GNI statistics from the United Nations using the PPP method. Take a look at the data for Afghanistan in 2012. According to the video, $5 buys twice the amount of rice in Afghanistan as in the United States. But what percentage of relative income is that $5 in both countries? The United Nations classifies countries according to how developed they are. The classification is based on a number of factors including the strength of the economy, the level of industrialization, standard of living and level of technology. Countries are then compared to each other and placed in a category. Developed Nations Developing Nations Least Developed Nations |
| Language | English |
| Access Restriction | Open |
| Subject Keyword | Global Economics |
| Content Type | Video |
| Time Required | PT1M44S |
| Education Level | Class IX Class X Class XI Class XII |
| Pedagogy | Lecture cum Demonstration |
| Resource Type | Video Lecture |
| Subject | Economics |
