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India Indonesia China Japan
Total
Male
Female
Literacy Rate in US
99%
99% Male
99% Female
Which country is closer to the US literacy rate?
A. India
B. Indonesia
C. Japan
Which country has the lowest number of people that can read and write?A. IndiaB. IndonesiaC. Japan
Why do you think they are so low?
Poverty, cost of education, high unemployment, subsistence farming,
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India Indonesia China Japan
Literacy
Poverty
12% of pop. below poverty line in US
US donates money 6.9 billion
India receives 2.9 billion in aid
Indonesia receives 67 billion in aid
China does not donate or receive officially
Japan donates 8.9 billion
Money
What a nation can exchange in return for goods from another nation
Tio got a penny bank for his birthday, and once it is filled up he can take it to Toys R Us and buy a game. He remembers that Zelda collects marbles and he doesn’t play with marbles anymore. So, he asks Zelda if she wants to buy them. Zelda has some quarters her mom gave her to play video games at Chuckie Cheese.
Quarters won’t fit in Tio’s bank. Zelda gives him quarters for the marbles. Tio goes to his mom and gives her 2 quarters in exchange for 50 pennies.
When nations do this they have to do some special math because a dollar bill doesn’t always equal a dollar.
In India $1 =
In Indonesia $1 =
In China $1 =
In Japan $1 =
45.3 Indian rupees
9,159 Indonesian rupiah
8 Chinese yuan
116 Japanese yen
Values of different currencies are expressed in exchange rate
Exchange rate is the price of one nation’s currency in terms of another nation’s currency
Like the table on the last slide
In India $1 = 45.3 Indian rupees
If we want to buy a computer from India for $1,000, we have to change $1,000 for about _______ rupees?
$1,000 US = 45.3 X 1,000 = 45,300 rupees
US wants to buy a computer from Indonesia for $1,000 US.
$1 US = 9,159 Indonesian rupiah
Do the math
$1,000 US = 9159 rupiah X 1,000 = 9,059,000 rupiah
Imports increase & are cheaper for consumers to buy
Travel abroad is cheaper for US tourists
US exports decline
US trade deficit increases
US exports increase & prices of exports go up
Travel abroad is more expensive of US tourists
US imports declines & price of imports increases
Foreign investment in US businesses increases
One advantage if a weak dollar is that
A. Travel abroad is cheaper for Americans
B. American income tax rates go down
C. Imports are cheaper for Americans to buy
D. American exports increase
$1 dollar = 8 Chinese yuan
Stacy traveled to China and took $100 in US currency. When she exchanged the $100 for yuan, she received about
a.8
b.80
c. 800
d.8,000
1. D
2. C
