Madagascar+Economics

Economics


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**Currency:**
Malagasy Ariary- $1 of U.S. money is equivalent to 2,062.5 of Malagasy Ariary toc

**Gross National Product:**
$4,193,800,000.00

**Average Income:**
$231.86 in U.S. currency


 * 70% of the population lives below the poverty line of $50 a year
 * 49.1% of the population lives on less than $1 a day

**How does the economy in Madagascar affect the people?**
> ========
 * Since Madagascar is a poor country, there are few roads that allow for the transportation of goods from farms to markets.
 * Tourism plays a great role in the economy in Madagascar, especially ecotourism. Madagascar has many plants and animals that are found nowhere else in world.
 * Mineral deposits account for over 11% of the GDP.
 * The agriculture-based economy accounts for the majority of the labor force. Even with most of the country's population working as farmers, many of them grow only enough for their families or those in the nearby areas due to the under-developed railroads and roadways.
 * Since so few of the population lives above the poverty line, raising a family and providing for them remains a constant struggle for those in the country.

**Multiple Choice Questions:**
a) Tourism b) Agriculture c) Mining of Minerals d) Urban Factories
 * 1) The majority of Madagascar economy thrives on which of the following industries?**

a) Help on the family farm b) Go to school c) Help with the cattle herds d) Watch television
 * 2) Since the majority of the country lives below the poverty line, which of the following is not an activity someone your age probably gets to do?**

Highlight the number and the space next to it in order to see the answer to the question.
 * Answers to the multiple choice questions:**
 * 1**) b
 * 2**) d

**References:**

 * "Economy - Madagascar - export, growth, crops, system, infrastructure, sector." //Encyclopedia of the Nations - Information about countries of the world, United Nations, and World Leaders//. N.p., n.d. Web. 27 Apr. 2011. .
 * "NationMaster - Malagasy Economy statistics." //NationMaster - World Statistics, Country Comparisons//. N.p., n.d. Web. 27 Apr. 2011. .