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# How do we compare different countries

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### How do we compare different countries

1. 1. How do we compare different countries??<br />Global Studies<br />
2. 2. Useful ways to compare countries<br />Population <br />GDP / GDP per capita<br />Trade Balance<br />Human Development Index<br />Demographic Transition Model<br />
3. 3. Population<br />What are some problems with having too many people??<br />
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5. 5. How strong is an economy??<br />GDP (gross domestic product) - one of the primary indicators used to measure the health of a country's economy. <br />Most used indicator of a country’s development.<br />GDP represents the total monetary value of ALL goods and services produced over a specific time period.<br />We use GDP (PPP) (Purchasing Price Parity) because it most accurately compares GDP between countries.<br />
6. 6. How strong is an economy??<br />GDP (gross domestic product) - one of the primary indicators used to measure the health of a country's economy. <br />Most used indicator of a country’s development.<br />GDP represents the total monetary value of ALL goods and services produced over a specific time period.<br />We use GDP (PPP) (Purchasing Price Parity) because it most accurately compares GDP between countries.<br />Market Size by GDP<br />
7. 7. Calculating GDP<br />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) <br />
8. 8. GDP per capita<br />What is it?<br />GDP per person – How much a single person consumes/produces.<br />Take the GDP and divide it by total population<br />It helps to define a person’s standard of living (or quality of life).<br />
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10. 10. GDP<br />A significant change in GDP, whether up or down, usually has a significant effect on the stock market. <br />A bad economy usually = lower profits for companies = lower stock prices = less jobs = lower wages.<br />GDP helps economists determine whether an economy is in a recession. <br />
11. 11. Human Development Index<br />Some problems with measuring only with GDP per capita.<br />United Nations Development Program (UNDP) computes a Human Development Index for each country each year. <br />
12. 12. Human Development Index<br />The human development index (HDI), composed of three indicators:<br />life expectancy<br />education (adult literacy and combined secondary and tertiary school enrollment)<br />GDP per capita. <br />
13. 13. Demographic Transition Model<br />Four Stages<br />Stages related to birth and death rates.<br />Where are we??<br />
14. 14. Demographic Transition Model<br />