GDP is the total value of final goods and services produced in a country, with the US having the highest GDP. GDP per capita measures output per person, which is also highest in the US. While the US unemployment rate of 7.6% appears low, many Americans are still out of work and struggling financially. Personal income includes wages, investment earnings, and government payments to individuals. High productivity is important for meeting peoples' needs and wants, and is influenced by factors like personal income and GDP.

1. Colin O’Dowd

2. GDP is the total dollar value of all final goods and services. US has the highest GDP

3. GDP per Capita is output per person US has the highest GDP per Capita

4. US unemployment is 7.6%. This is very low because millions are out of work and cant afford to pay for their needs. NC unemployment is about 6.1%

5. Personal Income refers to salaries and wages as well as investment income and government payments to individuals. A persons salary plus profits from stocks A elderly persons savings and pension

6. It is important to have high productivity because you need to fulfill all of the peoples needs and wants. A high productivity will be influence by personal income and GDP

7. Consumer spending for food, clothes, houses, and others Business spending for buildings, equipment, and other Government spending on employees, resources, and supplies Exports of a country are more than the imports.