Gross Domestic Product Dollar value of every single good and service produced in an economy in a...

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GDP

Transcript of Gross Domestic Product Dollar value of every single good and service produced in an economy in a...

Page 1: Gross Domestic Product Dollar value of every single good and service produced in an economy in a given year. GDP is probably the most important piece.

GDP

Page 2: Gross Domestic Product Dollar value of every single good and service produced in an economy in a given year. GDP is probably the most important piece.

Gross Domestic ProductDollar value of every single good and service produced in an economy in a given year.

GDP is probably the most important piece of information calculated by our government

Page 3: Gross Domestic Product Dollar value of every single good and service produced in an economy in a given year. GDP is probably the most important piece.

GDP was $15.68 trillion USD (2012)and $16.633 trillion in 2013 and now at this point is at $16.8 trillion

www.cnbc.com/id/102056652# Video clip about jobs created and our economy

http://www.economist.com/blogs/graphicdetail/2014/08/chinese-and-american-gdp-forecasts

http://www.cnbc.com/id/102056652
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Page 4: Gross Domestic Product Dollar value of every single good and service produced in an economy in a given year. GDP is probably the most important piece.
Page 5: Gross Domestic Product Dollar value of every single good and service produced in an economy in a given year. GDP is probably the most important piece.
Page 6: Gross Domestic Product Dollar value of every single good and service produced in an economy in a given year. GDP is probably the most important piece.

C+I+G+(X-M) = GDPC= Consumer SpendingI= Investments by businessG= Government spendingX= ExportsM= Imports

Page 7: Gross Domestic Product Dollar value of every single good and service produced in an economy in a given year. GDP is probably the most important piece.

Consumer spending is by far the largest of the four categories

Goods and services produced for household consumption account for 2/3 of total output

Page 8: Gross Domestic Product Dollar value of every single good and service produced in an economy in a given year. GDP is probably the most important piece.

In your groups:Make a list of the goods and services you used from the time you woke up yesterday until you went to bed last night.

“Walk through” a typical day Combine information to create a group list- do not list items more than once

Page 9: Gross Domestic Product Dollar value of every single good and service produced in an economy in a given year. GDP is probably the most important piece.

GDPs of the Worldhttp://data.worldbank.org/in

dicator/NY.GDP.MKTP.CD

http://data.worldbank.org/indicator/NY.GDP.MKTP.CD
http://data.worldbank.org/indicator/NY.GDP.MKTP.CD

STATE GDP DEFLATOR AND STATE PI - C G A Cap Commission... · PRICE AND QUANTITY INDICES NOMINAL vs. REAL, or CONSTANT-DOLLAR GDP Nominal GDP rises when prices rise, even if there

STATE GDP DEFLATOR AND STATE PI - C G A Cap Commission... · PRICE AND QUANTITY INDICES NOMINAL vs. REAL, or CONSTANT-DOLLAR GDP Nominal GDP rises when prices rise, even if there

Measuring the Aggregate Economylopiccolo.weebly.com/uploads/7/7/7/4/7774746/ch_25_notes_15.pdf · Measuring the Aggregate Economy 25 GDP •Gross Domestic Product (GDP): the dollar

Measuring the Aggregate Economylopiccolo.weebly.com/uploads/7/7/7/4/7774746/ch_25_notes_15.pdf · Measuring the Aggregate Economy 25 GDP •Gross Domestic Product (GDP): the dollar

Measurement of Economic Variables. Gross domestic product (GDP) GDP is the dollar value of all final goods and services produced by a domestic economy.

Measurement of Economic Variables. Gross domestic product (GDP) GDP is the dollar value of all final goods and services produced by a domestic economy.

GDP How a nation’s wealth is measured…. GDP Gross Domestic Product, the total dollar value of all final goods and services produced within a country during.

GDP How a nation’s wealth is measured…. GDP Gross Domestic Product, the total dollar value of all final goods and services produced within a country during.

Economic Indicators. Define GDP The sum dollar value of all the final goods and services produced within a countries borders within a given year.

Economic Indicators. Define GDP The sum dollar value of all the final goods and services produced within a countries borders within a given year.

Gross Domestic Product GDP. I. GDP (or nominal GDP) is the dollar amount of all final goods and services produced within a country’s borders in a year.

Gross Domestic Product GDP. I. GDP (or nominal GDP) is the dollar amount of all final goods and services produced within a country’s borders in a year.

A RISK PREMIUM MODEL OF THE YEN-DOLLAR AND DM ...Real exchange rates: Quarterly average of nominal yen-dollar and DM-dollar exchange rates were adjusted by the GNP/GDP deflators of

A RISK PREMIUM MODEL OF THE YEN-DOLLAR AND DM ...Real exchange rates: Quarterly average of nominal yen-dollar and DM-dollar exchange rates were adjusted by the GNP/GDP deflators of

dollar general - Capital Pacificcp.capitalpacific.com/Properties/Dollar-General-MorongoValleyCA.pdf · DOLLAR GENERAL FAMILY DOLLAR DOLLAR TREE 2 3 1 ABOUT THE STRONG DOLLAR GENERAL

dollar general - Capital Pacificcp.capitalpacific.com/Properties/Dollar-General-MorongoValleyCA.pdf · DOLLAR GENERAL FAMILY DOLLAR DOLLAR TREE 2 3 1 ABOUT THE STRONG DOLLAR GENERAL

Horizons US Dollar Currency ETF (DLR; DLR.U) · U.S. dollar versus the Canadian dollar. When the U.S. dollar appreciates relative to the Canadian dollar (i.e. the U.S. dollar/Canadian

Horizons US Dollar Currency ETF (DLR; DLR.U) · U.S. dollar versus the Canadian dollar. When the U.S. dollar appreciates relative to the Canadian dollar (i.e. the U.S. dollar/Canadian

Teachingbd24 - WordPress.com · gnp-cv gnp i gnp gdp gnp gdp gnp gdp i gnp gdp gdp-'v gnp cqcq gnp gdp gnp gdp-tr gnp, gdp gnp gdp i gnp e gdp g gnp i + g + (x-m) gnp-gdp+(x-m) m

Teachingbd24 - WordPress.com · gnp-cv gnp i gnp gdp gnp gdp gnp gdp i gnp gdp gdp-'v gnp cqcq gnp gdp gnp gdp-tr gnp, gdp gnp gdp i gnp e gdp g gnp i + g + (x-m) gnp-gdp+(x-m) m

McConnell 21e IPPT Ch27(1) · 2019. 11. 28. · Nominal GDP vs. Real GDP •GDP is a dollar measure of production •Using dollar values creates problems •Nominal GDP •Based on

McConnell 21e IPPT Ch27(1) · 2019. 11. 28. · Nominal GDP vs. Real GDP •GDP is a dollar measure of production •Using dollar values creates problems •Nominal GDP •Based on

617 150B —[ffiJffl 20 60 h ) 20 GDP 20 GDP ——GDP, GDP, GDP, …img1.kybimg.com/ohr/2018/08/24/111243_5b7f77abafafe.pdf · 617 150B "—[ffiJffl" 20 60 h ) 20 GDP "20 GDP " ——GDP,

617 150B —[ffiJffl 20 60 h ) 20 GDP 20 GDP ——GDP, GDP, GDP, …img1.kybimg.com/ohr/2018/08/24/111243_5b7f77abafafe.pdf · 617 150B "—[ffiJffl" 20 60 h ) 20 GDP "20 GDP " ——GDP,

The Dilution of the Dollar€¦ · AccuReg. Clint Jones, CHFP. Promise: • You’re probably losing up to 40 cents on every dollar before you even render any patient services. ...

The Dilution of the Dollar€¦ · AccuReg. Clint Jones, CHFP. Promise: • You’re probably losing up to 40 cents on every dollar before you even render any patient services. ...

The U.S. Dollar and the World Economy: A Critical Review · maintain their currencies in a tight trading range relative to the dollar. In fact, the U.S. GDP makes up only 25% of the

The U.S. Dollar and the World Economy: A Critical Review · maintain their currencies in a tight trading range relative to the dollar. In fact, the U.S. GDP makes up only 25% of the

Two-Track Adjustment: The Outlook for the Canadian Economy · Difference in tourism GDP and national GDP annual growth rates (right scale) Canadian dollar vis-à-vis the U.S. dollar

Two-Track Adjustment: The Outlook for the Canadian Economy · Difference in tourism GDP and national GDP annual growth rates (right scale) Canadian dollar vis-à-vis the U.S. dollar

NOMINAL GDP vs. REAL GDP REAL GDP NOMINAL GDP vs. REAL GDP REAL GDP.

NOMINAL GDP vs. REAL GDP REAL GDP NOMINAL GDP vs. REAL GDP REAL GDP.

American Shipping Company · Australian Dollar N. Korean Won US Dollar Canadian Dollar Norwegian Krone Canadian Dollar Canadian Dollar Rial Omam Canadian Dollar Pakistan Rupee US

American Shipping Company · Australian Dollar N. Korean Won US Dollar Canadian Dollar Norwegian Krone Canadian Dollar Canadian Dollar Rial Omam Canadian Dollar Pakistan Rupee US

Real GDP: Percent change from preceding quarter · Current-dollar GDP increased 4.6 percent, or $240.3 billion, in the second quarter to a level of $21.34 trillion. In the first quarter,

Real GDP: Percent change from preceding quarter · Current-dollar GDP increased 4.6 percent, or $240.3 billion, in the second quarter to a level of $21.34 trillion. In the first quarter,

What are Geosynthetics - Semantic Scholar€¦ · geosynthetics and in dollar volume their sales are probably larger than that of geotextiles. Their growth has been stimulated by

What are Geosynthetics - Semantic Scholar€¦ · geosynthetics and in dollar volume their sales are probably larger than that of geotextiles. Their growth has been stimulated by

Calculating GDP Nominal GDP, Real GDP, and the GDP Deflator.

Calculating GDP Nominal GDP, Real GDP, and the GDP Deflator.