U.S. and World Economies GOVT 2305, Module 1.

Slides:

Advertisements

Similar presentations

Ka-fu Wong © 2007 ECON1003: Analysis of Economic Data Supplement1-1 Supplement 1: Comparing the economic growth of China to other countries.

Advertisements

Factors Influencing GDP How do levels of human and physical capital, natural resources, and entrepreneurship influence a country’s GDP?

CHAPTER 2.4 Gross Domestic Product. Most economists view the country like one big business They measure the success of this business through gross domestic.

Indicators and measurement for performance Gene Chang.

Figure 14.1 Economic Growth in the ADE/ASR model.

 Business Cycle National Debt Unit 7 Decision, Decisions.

“Economic development of Asia”. Objective: We should study economy of Asia enable for the student to have a better appreciation and perception toward.

Developed vs. Developing Countries: What you need to know for the quiz.

SIS Global Issues, Mrs. Hurt, Period 2, 12 th grade.

1.02 – Analyze economic indicators and how they affect the business cycle.

Gross Domestic Product How do you measure economic growth?

Gross Domestic Product

Emerging China. GeographyGeography 9,573,000 square km Beijing Shanghai Xian Lhasa Urumqi Guangzhou Kunming.

Economy of South Africa -South Africa is the largest economy on the African continent. It accounts for 24% of the African GDP. -GDP= $524 billion -GDP.

Do Now In 2010, China’s nominal GDP was $5.88 trillion, while the United States’ was $14.53 trillion. According to an IMF projection, the Chinese economy.

Module 11 Mar  Aggregate output is the total quantity of final goods and services produced within an economy  Real GDP – the total value of all.

Gross Domestic Product. What is Gross Domestic Product? The total market value of all final goods and services produced during a given period of time.

MGT 4330 Industrial Relations -China. Facts  Population 1.35 Billion  GDP-2012  Total: $12.38 trillion(2nd)  Per capita: $9,146(91st)  Ethnic groups:

Introduction to Macroeconomics Fatma Taskin Fall 2015.

A. Developed: 1. Higher income 2. Industrial economies 3. Slow population growth 4. Stronger social support systems 5. Ex: US, Canada, Japan, Australia.

NS3040 GDP Comparisons Fall Term, U.S./China GDP Comparisons I In 2013 China became the world’s largest economy 2.

Between the years of 1991 and 2011, the nominal GDP in America increased from $5.9 trillion to $15 trillion. What conclusions can we draw about America’s.

WARM UP What kinds of things would you need to know to measure if an economy is successful? (in other words, if a country has a healthy economy)

Notes MEASURES OF ECONOMIC ACTIVITY.  3 Main Measures of Economic Activity  Gross Domestic Product  Labor Activities  Consumer Spending HOW IS ECONOMIC.

GDP GROSS DOMESTIC PRODUCT. MEASURE OF ECONOMIC OUTPUT Macro keeps track of production, consumption, saving, investment, & income GDP is used to track.

GDP that is measured at current prices is called GDP that has been adjusted for any price changes over time is called Let’s see how it works through one.

The Measure of Wealth. What factors influence the economy of a country?

TURN AND TALK What kinds of things would you need to know to measure if an economy is successful? -In other words: how do you know if a society is wealthy?

Measuring the Quality of Life. POPULATION PYRAMIDS

Wealth How do we measure wealth?. Gross domestic product (GDP) This measures the wealth created in a country in a given year (includes the production.

Patent Applications received by the European Patent Office Data shows that number of applications from the US and Japan is larger than any of the European.

Gross Domestic Product IB Global Politics UWC Costa Rica.

Gross Domestic Product (GDP) Unit What is growth?

Answers to Gross Domestic Product : Measuring a country’s income.

Measuring Economies GNP, GDP And “per capita”. Measuring the Size of the Economy GNP & GDP measure the size of the Economy. GNP or “Gross National Product”

Economic Growth How does a country measure economic growth? 1.

National Income The value of the output of goods and services produced in an economy over a period of time Increases in National Income mean that the economy.

Growth and the Business Cycle Krugman Section 1 Module 2.

Prepared by Ali Güneş, Zirve University

LOGO Globalization A Summary. Contents BRIC Nations Overview Russia India China Brazil.

Garrett Martin 3/25/2016 Demographics and Maine’s Economic Future.

Gross Domestic Product

8.3 Business Cycle Identify phases of the business cycle and the economic indicators used to measure economic activities and trends.

Essential Question How does literacy rates and the standard of living affect the economy?

Human Development Index

“Economic statistics”

What makes country get more medals in Olympic?

Section 3 Module 11.

U.S. and World Economies September 19, 2017.

GDP – a measure of National Income

Module 23 Economic Development, Consumption, and Sustainability

The Measure of Wealth Ammu Nair Copyright 9/19/2018.

Institute for Human Development

Economic Indicators Answers

NOV - Handouts November 19, 2009

The Changing World Order

Measuring the Quality of Life

الادارة الصحية: المفهوم والأهمية والخصوصية

المفاهيم المتعلقة بالدخل المحلي والناتج المحلي وطرق قياسه

Lesson 3: Economic Growth

Measuring the Quality of Life

ECONOMIC MEASUREMENTS Unit 2, Part 2

Gross Domestic Product Real Gross Domestic Product

Chapter 17 How Economies Grow and Develop.

Measuring the Quality of Life

Minnesota’s GDP growth rate relative to the United States’ GDP growth rate, , %

Projected annual growth rate, NHE per capita NHE, 2021

Gross Domestic Product

Measuring the Quality of Life

CUSTOM INTELLIGENCE SERVICES

Presentation transcript:

U.S. and World Economies GOVT 2305, Module 1

Identify the Country (2015 Data) Country A—GDP $17.9 trillion Country B—GDP $11.0 trillion Country C—GDP $4.1 trillion Country D—GDP $3.4 trillion It measures the size of a nation’s economy. What does Gross Domestic Product (GDP) measure?

Country D is Germany GDP $3.4 trillion GDP per capita $40,997 (17th) GDP annual growth rate 1.5 % Which of the three data points is the best measure of national prosperity? Why? GDP $3.4 trillion GDP per capita $39,100 (26th) GDP annual growth rate 0.7 % GDP per capita because it measures the size of the economy relative to the size of the population.

Country C is Japan GDP $4.1 trillion GDP per capita $32,486 (24th) GDP growth rate 0.6 % GDP $6.0 trillion GDP per capita $36,200 (36th) GDP growth rate 2.0 %

Country B is China GDP $11.0 trillion GDP per capita $7,990 (72nd) GDP per capita $9,100 (120th) GDP growth rate 7.8 % GDP $11.0 trillion GDP per capita $7,990 (72nd) GDP growth rate 6.9 %

Chinese Growth is Slowing

Country A is the United States GDP $15.7 trillion GDP per capita $49,800 (12th) GDP growth rate 2.2 % GDP $17.9 trillion GDP per capita $55,805 (5th) GDP growth rate 2.6 %

World Economies

Worldwide Per Capita Income

Worldwide GDP Growth Rate

What You Have Learned What are the world’s four largest economies? Of the four largest economies, which has the highest GDP per capita? Which economy is growing the most rapidly? Which regions/countries of the world are the most affluent? Which regions/countries of the world are growing most rapidly/most slowly?