Post on 15-May-2015
Collin Fidler3rd Block
GDP (Gross Domestic Product-one of the measures of national income and output for a given Country’s economy.The U.S.A has the highest GDP
GDP Per Capita
• The amount of total output, or gross domestic product, for every person in the country
• America has the highest GDP Per Capita!
Unemployment Rate• Percentage of employable people actively
seeking work, out of the total number of employable people
• This is important because it can help spot a depression and show what state our economy is in
• North Carolina has a 8.7% unemployment rate
Personal Income
An individuals total earnings from wages, passive enterprises, and investment interest and dividends.
Personal income would be a paycheck or a loan
Productivity
• Having higher productivity is important because it will keep the economy in a good position
• Productivity improves when there is more goods and services produced and people buy more
Components of GDP
• 1. consumers spending for food clothing housing and other spending
• 2.business spending for buildings equipment and inventory items
• 3.government spending to pay employees and to buy supplies
• 4.the exports of a country less the imports into the country.