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

2. 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?

3. 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.

4. 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 %

5. 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 %

6. Chinese Growth is Slowing

7. 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 %

8. World Economies

9. Worldwide Per Capita Income

10. Worldwide GDP Growth Rate

11. 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?