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Collin Fidler

  1. 1. Collin Fidler 3 rd Block GDP (Gross Domestic Product-one of the measures of national income and output for a given Country’s economy. The U.S.A has the highest GDP
  2. 2. GDP Per Capita <ul><li>The amount of total output, or gross domestic product, for every person in the country </li></ul><ul><li>America has the highest GDP Per Capita! </li></ul>
  3. 3. Unemployment Rate <ul><li>Percentage of employable people actively seeking work, out of the total number of employable people </li></ul><ul><li>This is important because it can help spot a depression and show what state our economy is in </li></ul><ul><li>North Carolina has a 8.7% unemployment rate </li></ul>
  4. 4. Personal Income <ul><li>An individuals total earnings from wages, passive enterprises, and investment interest and dividends. </li></ul><ul><li>Personal income would be a paycheck or a loan </li></ul>
  5. 5. Productivity <ul><li>Having higher productivity is important because it will keep the economy in a good position </li></ul><ul><li>Productivity improves when there is more goods and services produced and people buy more </li></ul>
  6. 6. Components of GDP <ul><li>1. consumers spending for food clothing housing and other spending </li></ul><ul><li> spending for buildings equipment and inventory items </li></ul><ul><li>3.government spending to pay employees and to buy supplies </li></ul><ul><li>4.the exports of a country less the imports into the country. </li></ul>