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.