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Gdp and economic indicators
Gdp and economic indicators
Gdp and economic indicators
Gdp and economic indicators
Gdp and economic indicators
Gdp and economic indicators
Gdp and economic indicators
Gdp and economic indicators
Gdp and economic indicators
Gdp and economic indicators
Gdp and economic indicators
Gdp and economic indicators
Gdp and economic indicators
Gdp and economic indicators
Gdp and economic indicators
Gdp and economic indicators
Gdp and economic indicators
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Gdp and economic indicators

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  • 1. Bellringer 1. If you went to the doctor, what would the doctor test to see if you were healthy? List as many ways as you can think of.
  • 2. • • • • • • • • • • • Macroeconomic indicators Brainstorm from the news Gross Domestic Product Unemployment Rate Inflation rate Median income Housing starts Currency comparisons Stock market Bank holdings Life expectancy Population Leisure time
  • 3. Gross Domestic Product • A measure of a final goods of country’s economy in during a given time (year, month, quarter) • Invented by economist Simon Kuznets in 1937
  • 4. Top World Economies
  • 5. Economist handout
  • 6. Parts of GDP • All consumer spending on new items within a country in a certain year, month or quarter
  • 7. Parts of GDP • All private investment within a country in a certain year, month or quarter • IOW: $$$ business spends • Where do they get it from?
  • 8. Parts of GDP • All government spending in a country in a certain year, month or quarter • Examples: education, military, roads, healthcare, etc
  • 9. Parts of GDP • All net exports from a country in a certain year, month or quarter • Exports = goods shipped to other countries • Imports = goods brought into a country from another country
  • 10. Net Exporters • A country or territory whose value of exported goods is higher than its value of imported goods over a given period of time. • A net exporter is the opposite of a net importer.
  • 11. Net Importers
  • 12. US GDP history by part
  • 13. GDP • What economic activity did I leave out? • 2 ways GDP might be misleading?
  • 14. GDP Calculation Y=C+I+G+E where Y = GDP C = Consumer Spending I = Investment E = Exports - Imports G = Government Spending
  • 15. United States GDP 2003 Y=C+I+E+G $$ in Billions Consumer Spending = $7605 Investment = $1606 Exports = $1021 Imports = $1508 Government Spending = $2017 $7605 + 1606 + (1021-1508) + 2017 = $10,741 (2003)

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