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# How do we compare different countries

## by Cathy Lippert on Sep 28, 2010

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## How do we compare different countriesPresentation Transcript

• How do we compare different countries??
Global Studies
• Useful ways to compare countries
Population
GDP / GDP per capita
Human Development Index
Demographic Transition Model
• Population
What are some problems with having too many people??
• How strong is an economy??
GDP (gross domestic product) - one of the primary indicators used to measure the health of a country's economy.
Most used indicator of a country’s development.
GDP represents the total monetary value of ALL goods and services produced over a specific time period.
We use GDP (PPP) (Purchasing Price Parity) because it most accurately compares GDP between countries.
• How strong is an economy??
GDP (gross domestic product) - one of the primary indicators used to measure the health of a country's economy.
Most used indicator of a country’s development.
GDP represents the total monetary value of ALL goods and services produced over a specific time period.
We use GDP (PPP) (Purchasing Price Parity) because it most accurately compares GDP between countries.
Market Size by GDP
• Calculating GDP
GDP = C + G + I + NXwhere:"C" - equal to all private consumption, or consumer spending, in a nation's economy"G" - the sum of government spending"I“ - the sum of all the country's businesses spending on capital"NX" - the nation's total net exports, calculated as total exports minus total imports. (NX = Exports - Imports)
• GDP per capita
What is it?
GDP per person – How much a single person consumes/produces.
Take the GDP and divide it by total population
It helps to define a person’s standard of living (or quality of life).
• GDP
A significant change in GDP, whether up or down, usually has a significant effect on the stock market.
A bad economy usually = lower profits for companies = lower stock prices = less jobs = lower wages.
GDP helps economists determine whether an economy is in a recession.
• Human Development Index
Some problems with measuring only with GDP per capita.
United Nations Development Program (UNDP) computes a Human Development Index for each country each year.
• Human Development Index
The human development index (HDI), composed of three indicators:
life expectancy
education (adult literacy and combined secondary and tertiary school enrollment)
GDP per capita.
• Demographic Transition Model
Four Stages
Stages related to birth and death rates.
Where are we??
• Demographic Transition Model