gcse economics - how we live - comparing the standard of living
Standards of living can be compared between different countries...
UK |
FRANCE |
|
| GDP | £500,000,000 |
£450,000,000 |
| GDP per person | £18,000 per head |
£20,000 per head |
| Unemployment rate | 5% |
6% |
| Inequality | Large |
Incomes Fairly Equal |
| Cars per family | 2.5 |
2.2 |
| Holidays per year | 1.5 |
1.0 |
| Pupils per teacher | 28 |
25 |
| Doctors per town | 70 |
60 |
...and changes compared over time...
UK 1970 |
UK 2001
|
|
| GDP | £200,000,000 |
£500,000,000
|
| GDP per person | £7,000 per head |
£18,000 per head
|
| Unemployment rate | 1% |
5%
|
| Inequality | Not Much |
Large
|
| Cars per family | 1 |
2.5
|
| Holidays per year | 1.0 |
1.5
|
| Pupils per teacher | 26 |
28
|
| Doctors per town | 50 |
70
|
ACTION
a. In what ways is the standard of living higher in UK?
b. In what ways is the standard of living higher in France?
c. How has the standard of living improved / worsened since 1970?
d. Why do we need to allow for inflation when comparing GDP data?
e. What does ‘real’ GDP mean?
These GCSE Economics revision notes have been kindly provided by Peter Davies of Mill Hill School, Ripley Keep Up-todate with your GCSE Economics - Subscribe Free to Economics in the News by Email
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