An increase in a nations output of goods and services
How does a nation grow economically?
Currency changes when it is used in another country. The values are different
Ex: US dollars are worth 3x more than Mexican dollars
Describe how currency in a country can change?
1) Population in developing countries
2) Population is much larger in developing
3) Life expectancy in developed
4) Wealth greater in developed
5) Developed resources
6) We pollute/ waste more in developed
What are differences between a developed country and a developing country?