The document discusses key economic indicators such as GDP, GDP per capita, unemployment rate, personal income, productivity, and the components of GDP. The United States has the highest GDP in the world. GDP per capita measures economic growth per person. Unemployment rate is the percentage of the labor force that is unemployed. Personal income includes wages, investments, and government payments. Productivity is a measure of output per unit of input like labor. The components of GDP are consumer spending, business spending, government spending, and net exports.

1. By: Heath Barnacascel Pd. 3 Principles of Business

2. GDP- Who has the highest? GDP- Gross Domestic Product- the total dollar value of all final goods and services produced in a country during one year The United States of America has the highest GDP throughout the world

3. GDP Per Capita GDP Per Capita is another way to measure economic growth GDP per capita is calculated by dividing GDP by the total population. An increase in GDP per capita means that the economy is growing A decrease may mean that an economy is having trouble

4. Unemployment Rate One economic statistic of concern is the Unemployment rate The unemployment rate is the portion of people in the labor force who are not working If you are not willing to work, you are not counted as unemployed The North Carolina Unemployment Rate is: 9.5

5. Personal Income Personal Income refers to salaries and wages as well as investment income and government payments to individuals These funds provide the foundation for buying needed goods and services Examples of Personal Income : Factory Workers getting their pay checks at the end of the week for the work they did People getting paid for their jobs

6. Productivity Productivity is the production output in relation to a unit of input, such as a worker A higher productivity means that you are producing more products for consumers to buy and so the company will make more money Newer and more advanced technology can improve productivity and also more employees can also improve productivity

7. Components of GDP Consumer spending for food, clothing, housing, and other spending Business spending for buildings, equipment, and inventory items Government spending to pay employees and to buy supplies and other goods and services The exports of a country less the imports into the country