Chile+Economics

**-Economics-** Chile has a market-oriented economy characterized by a high level of foreign trade and a reputation for strong financial institutions.
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The GNP (Gross National Product) of Chile is approximately $95.6 Billion

1 Chilean Peso = 0.0022 of 1 American Dollar

The Central Bank of Chile is responsible for producing and regulating the coins shown below.



7. 58 million people in Chile are a apart of the work force.  <span style="color: #808080; font-family: Georgia,serif;">8.7% of the population of Chile is unemployed <span style="color: #808080; display: block; font-size: 18px; font-weight: normal; letter-spacing: normal; line-height: 27px; text-align: center;"> <span style="color: #808080; display: block; font-size: 18px; font-weight: normal; letter-spacing: normal; line-height: 27px; text-align: center;"><span style="color: #808080; font-family: Georgia,serif; font-size: 16px; line-height: 26px;">Chilean workers on average make $3,402 US dollars per year. <span style="color: #808080; display: block; font-size: 18px; font-weight: normal; letter-spacing: normal; line-height: 27px; text-align: center;"><span style="color: #808080; font-family: Georgia,'Times New Roman',Times,serif; font-size: 16px; font-weight: normal; letter-spacing: normal; line-height: 26px;">Approximately 17% of household income is spent on food, 24% on fuel, 20% on health care, <span style="color: #808080; display: block; font-size: 18px; font-weight: normal; letter-spacing: normal; line-height: 27px; text-align: center;"><span style="color: #808080; font-family: Georgia,'Times New Roman',Times,serif; font-size: 16px; font-weight: normal; letter-spacing: normal; line-height: 26px;">and 15% on education.
 * <span style="color: #808080; font-family: Georgia,serif; font-size: 11px; letter-spacing: 1px; line-height: 16px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0.5em; padding-bottom: 0px; padding-left: 3em; padding-right: 0px; padding-top: 0px;">**<span style="font-size: 120%; letter-spacing: 1px; line-height: 19px; text-transform: none; vertical-align: middle;">agriculture: <span class="category_data">13.2% of 7.58 million work in agriculture **
 * <span style="color: #808080; font-family: Georgia,serif; font-size: 11px; letter-spacing: 1px; line-height: 16px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0.5em; padding-bottom: 0px; padding-left: 3em; padding-right: 0px; padding-top: 0px;">**<span style="font-size: 120%; letter-spacing: 1px; line-height: 19px; text-transform: none; vertical-align: middle;">industry: <span class="category_data">23% of 7.58 million work in industry **
 * <span style="color: #808080; font-family: Georgia,serif; font-size: 11px; letter-spacing: 1px; line-height: 16px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0.5em; padding-bottom: 0px; padding-left: 3em; padding-right: 0px; padding-top: 0px;">** services: 63.9% of 7.58 million work in other service jobs.  **
 * <span style="border-collapse: separate; font-family: Georgia,serif; font-size: 12px; line-height: 19px; margin: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 5px;">** Latin America Home ** || <span style="border-collapse: separate; font-family: Georgia,serif; font-size: 12px; line-height: 19px; margin: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 5px;">** Chile Home Page ** || <span style="border-collapse: separate; font-family: Georgia,serif; font-size: 12px; line-height: 19px; margin: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 5px;">** Chile History ** || <span style="border-collapse: separate; font-family: Georgia,serif; font-size: 12px; line-height: 19px; margin: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 5px;">** Chile Culture ** || <span style="border-collapse: separate; font-family: Georgia,serif; font-size: 12px; line-height: 19px; margin: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 5px;">** Chile Economics ** || <span style="border-collapse: separate; font-family: Georgia,serif; font-size: 12px; line-height: 19px; margin: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 5px;">** Chile Politics ** || <span style="border-collapse: separate; font-family: Georgia,serif; font-size: 12px; line-height: 19px; margin: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 5px;">** S tudent Activities ** || <span style="border-collapse: separate; font-family: Georgia,serif; font-size: 12px; line-height: 19px; margin: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 5px;">** Teachers Page ** || <span style="border-collapse: separate; font-family: Georgia,serif; font-size: 12px; line-height: 19px; margin: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 5px;">** Reference Page ** ||

<span style="font-family: Georgia,serif;">Questions for students

<span style="font-family: Georgia,serif;">1. Look at what an average Chilean spends each year. 17% of household income is spent on food, 24% on fuel, 20% on health care, and 15% on education. Make a list of what you spend your money on each year and compare it to what a Chilean spends.

Created by Valerie Lemmenes © Illinois State University Date of Creation: March 31, 2011 Last Modified: Email: <span style="background-attachment: initial; background-clip: initial; background-color: initial; background-origin: initial; background-position: 100% 50%; background-repeat: no-repeat no-repeat; cursor: pointer; padding-right: 10px;">valemme@ilstu.edu

<span style="font-family: Georgia,serif;"> References Casa De Moneda De Chile: Products / Currency. (2010) Retrieved April 28, 2011 from, http://www.cmoneda.cl/productos/metal/monedas Money All Over the World : The Chilean Peso. (2010-2011) Retrieved April 25, 2011 from, <http://www.e-allmoney.com/banknotes/sam/chile.html>  <span style="background-attachment: initial; background-clip: initial; background-color: #000000; background-origin: initial; background-position: 100% 50%; background-repeat: no-repeat no-repeat; cursor: pointer; display: block; font-family: Georgia,serif; line-height: 23px; padding-right: 10px; text-align: left;">