Functional Literacy: Gross Domestic Product in the UK and Belarus

 👉Communicative area: speaking about Gross Domestic Product in the UK and Belarus

1. What do you think a bar chart illustrating GDP could show about different industries over time?

2. Based on the title, what do you expect the trends in IT and Service Industry GDP to be? 

3. Look at the word "gross domestic product (GDP)." What do you think this term means? Can you break it down into smaller parts?

4. What do you think is meant by "measured in percentages" in the context of economic data?

5.Why do you think it's important to track the GDP of specific industries, such as IT and Services?

6. How might changes in technology impact the economy and different sectors?

7. Recall what you know about the Growth of IT as an industry compared to the Service Industry. What key factors can contribute to the growth or decline of these industries?

1. According to the essay, how did the GDP from the Service Industry compare to that of the IT sector in 1992?

2. What was the highest percentage of GDP generated from the IT sector by the year 2000?

3. Create a small table summarizing the percentage of GDP from both the IT and Service Industry from 1992 to 2000.

4. Describe the trend in the percentage of GDP generated from IT and the Service Industry in two alternate periods: 1992-1996 and 1996-2000.

5. What might account for the differences in growth patterns between the IT and Service Industry from 1996 to 2000?

6. If IT was almost twice the percentage of GDP as the Service Industry by the end of the period, what implications might this have for the UK economy?

7. Imagine that you are a policy maker in the UK in 2000. Recommend whether to invest more in the IT sector or the Service Industry based on the GDP data presented. Include at least two reasons for your choice.

View Belarus's Belarus BY: Gross Domestic Product (GDP) from 1992 to 2023 in the chart:

Compare the information in the bar chart with another data set you are familiar with (for instance, an industry in another country). Discuss any similarities or differences in trends and possible reasons for these.