Your SlideShare is downloading. ×
Chapter 2 Slideshow 1
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×

Saving this for later?

Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime - even offline.

Text the download link to your phone

Standard text messaging rates apply

Chapter 2 Slideshow 1

138
views

Published on

Published in: Economy & Finance, Business

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
138
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
1
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

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