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Macro 4
- 4. Production
- 5. Innovation
- 7. 197 8 China Changed Worldview Deng Xiaoping Mao Zedong 197 6 Dies
- 9. $0 $2 $4 $6 $8 $10 $12 $14 $16 $18 $20 2 4 6 8 10 12 14 16 18 20 Supply Demand
- 12. GD P Gross Domestic Product The market value of all final goods and services produced in a country in a given time
- 13. GDP How much stuff a country makes
- 14. GDP per Capita GDP per Perso n Average GDP
- 17. MarketValue One Apple plu s One Orang e = Three Dollars
- 18. All Everything except... Stuff you don’t sell
- 22. Goods Services
- 23. Produced New Stuf f Does not include the sale of used goods
- 24. Within a Country
- 25. In a given period of time Year Y/ Y Quarter Q/ Q Annualized: Q x 4
- 26. Percentag e Change new number - old numbe r old number
- 27. ThisYear - LastYea r LastYear ThisYear = 7 5 LastYear = 6 0 Percentage Change?
- 28. 75 - 6 0 60 15 60 .25 or 25%
- 29. How do you calculate GDP?
- 30. GDP = C = Consumptio n I = Investmen t G = Governmen t X = Export s M = Import s
- 31. GDP = C + I + G + (X - M)
- 32. Consumption Spending by households on goods and services, except new housing
- 33. Investment Spending on capital equipment, inventories, and structures, including new housing
- 34. Government Spending on goods and services from local, state, and federal governments.
- 36. Net Exports Foreigners buying exports minus domestic residents buying foreign goods
- 37. What is GDP? C = 10 5 I = 4 0 G = 2 5 X = 3 0 M = 2 0
- 38. GDP = C + I + G + (X - M ) = 105 + 40 + 25 +(30-20 ) = 105 + 40 + 25 +1 0 = 18 0
- 39. GDP GDP per Capita
- 40. GDP $94 trillion Population 7.8 billion GDP Per Capita $12,053 GDP Per Day $33
- 42. GDP $23 trillion Population 330 million GDP Per Capita $69,697 United States Per Day $190
- 43. GDP $17 trillion Population 1.4 billion GDP Per Capita $12,142 Per Day $33 China