Why Are Some Countries Rich and Others Poor? (Page One Economics)

Page One Economics Why Are Some Countries Rich and Others Poor? icon | St. Louis Fed

Over 200 years ago, Adam Smith attempted to explain why some nations are wealthier than others. Today, the gap between rich and poor countries is even larger. This issue of Page One Economics describes how total factor productivity contributes to economic growth and how growth leads to a rising standard of living.

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Keep your students in the know on timely economic issues with Page One Economics. Page One Economics provides a simple, short overview of a current economic event that offers students an opportunity to use close reading strategies. The Teacher’s Guide includes student questions and a teacher answer key, plus additional resources and lesson ideas for classroom, extra credit, or make-up assignments. You can subscribe via RSS feed or email.


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Audience:   High School, College, Consumers
Language:   English
Subjects:   AP, Economics, Current Events
Resource Types:   Publications, Lessons
Concepts:   Productivity, Factors of Production/Productive Resources, Physical Capital, Trade/International Trade