Chapter 2

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A presentation of different systems that country's have.

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Chapter 2

  1. 1. Rebeca Mayorga 3rd Block GDP or Gross Domestic Product is the total value of all final goods and services produced in a country during one year. The United States has the highest GPD.
  2. 2. GDP Per Capita is another way to measure  economic growth, is the output per person.  An increase in GDP per capita means that an economy is growing. A decrease may mean that an economy has trouble growing.  GDP / Population = GDP Per Capita  United States has the highest GDP.
  3. 3. Unemployment Rate The unemployment rate is the portion of  people in the labor force who are not working. Significant because the people that do not  work, cannot maintain themselves and then there is poor people and the government has to help them. Unemployment rate for North Carolina is  7.9 percent.
  4. 4. Personal Income Refers to the salary and wages as well  as investment income and government payments to individuals. Examples:  Carla is going to go to her office work because she wants her salary so she can make a party for her daughter. The money they are going to pay to her is her personal income.  When you have been saving money so you can go to visit your friend in Europe. The money you have been saving is your personal income.
  5. 5. Productivity
  6. 6. Components of GDP Consumer spending for food, clothing, 1. housing, and other spending. 2. Business spending for buildings, equipment, and inventory items. 3. Government spending to pay employees and to buy supplies and other goods and services. 4. The exports of a country less the imports into the country.

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