Chapter 2, Economic Activity Caleb Helton Block 3
What is GDP? <ul><li>Gross Domestic Product (GDP)  is the total dollar value of all final goods and services produced in a...
What is GDP Per Capita <ul><li>GDP Per Capita   is the measure of output per person in a country. </li></ul><ul><li>GDP Pe...
What is The Unemployment Rate? <ul><li>The Unemployment Rate  is the portion of people in the labor force who are not work...
What is Personal Income? <ul><li>Personal Income  refers to salaries and wages as well as investment income and government...
Why is it important to have higher productivity?   <ul><li>With higher productivity, people don’t have to work as many hou...
What are the 4 Components of GDP?   <ul><li>Consumer Spending </li></ul><ul><li>Business Spending </li></ul><ul><li>Govern...
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Chapter 2 Slideshow 1

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Chapter 2 Slideshow 1

  1. 1. Chapter 2, Economic Activity Caleb Helton Block 3
  2. 2. What is GDP? <ul><li>Gross Domestic Product (GDP) is the total dollar value of all final goods and services produced in a country during one year. </li></ul><ul><li>The United States has the highest GDP in the world. </li></ul>
  3. 3. What is GDP Per Capita <ul><li>GDP Per Capita is the measure of output per person in a country. </li></ul><ul><li>GDP Per Capita describes how much the people of that country use a year. </li></ul><ul><li>The United States has the highest GDP Per Capita . </li></ul>
  4. 4. What is The Unemployment Rate? <ul><li>The Unemployment Rate is the portion of people in the labor force who are not working. </li></ul><ul><li>The Unemployment Rate is important because it shows how well a business is doing by showing how many workers they can afford to hire. </li></ul><ul><li>North Carolina’s Unemployment Rate is 8.7 </li></ul>
  5. 5. What is Personal Income? <ul><li>Personal Income refers to salaries and wages as well as investment income and government payments to individuals. </li></ul><ul><li>Examples </li></ul><ul><li>Salary from work </li></ul><ul><li>Income from the stock market. </li></ul>
  6. 6. Why is it important to have higher productivity? <ul><li>With higher productivity, people don’t have to work as many hours as they did, but still get paid the same. Also, businesses don’t have to hire as many people. </li></ul><ul><li>Affects on Productivity </li></ul><ul><li>Worker training </li></ul><ul><li>Increase in technology </li></ul><ul><li>Management techniques </li></ul>
  7. 7. What are the 4 Components of GDP? <ul><li>Consumer Spending </li></ul><ul><li>Business Spending </li></ul><ul><li>Government Spending </li></ul><ul><li>Exports of a Country </li></ul>
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