Each U.S. State has been renamed with a country whose GDP is very similar; adding up the GDPs of all the countries names would equal the GDP of the U.S. Source: “Carpe Diem”, Prof. Mark J. Perry’s Blog for Economics and Finance (Dec. 11, 2007)

2013 GDP Comparison

GDP per Capita Means GDP per person Most meaningful measure –Why more meaningful than just using Total GDP? Divide Real GDP by population Compare the Total GDP and the GDP per capita.

GDP per Capita 2013 Does NOT mean that income is evenly distributed!

GDP corresponds with overall standard of living in a country These statistics show how GDP per capita of rich (top) and poor (bottom) countries will correlate directly with high and low standard of living (respectively), as measured by the four indicators shown.

THE TOP GRAPH shows Real GDP per capita growth over time for seven selected nations. THE BOTTOM GRAPH shows an expanded scale for the poorest countries to make comparisons easier. Is it only the rich, developed nations that grow? No: poor countries can become richer countries. For which countries shown is that true?