Gap between the rich and the poor:A Global Phenomenon Global Inequality -The systematic differences in wealth and power that exist between countries Indicators of Economic Development- GDP-A country's yearly output of goods and services per person Three economic classes as determined by the World Bank--low,middle,and high.(macro national level) 33 Gap between the rich and the poor: A Global Phenomenon • Global Inequality – The systematic differences in wealth and power that exist between countries • Indicators of Economic Development – – GDP – A country’s yearly output of goods and services per person – Three economic classes as determined by the World Bank -- low, middle, and high. (macro national level)