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Gross Domestic Product (GDP)

Gross Domestic Product (GDP). is the market value of all officially recognized final goods and services produced within a country in a given period. the main tool for measuring the country's economy. Gross Domestic Product - High. Gross Domestic Product - Low. Gross National Product (GNP).

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Gross Domestic Product (GDP)

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  1. Gross Domestic Product (GDP) • is the market value of all officially recognized final goods and services produced within a country in a given period. • the main tool for measuring the country's economy.

  2. Gross Domestic Product - High

  3. Gross Domestic Product - Low

  4. Gross National Product (GNP) • The total value of all final goods and services produced within a nation in a particular year, plus income earned by its citizens (including income of those located abroad), minus income of non-residents located in that country. • GNP is one measure of the economic condition of a country, under the assumption that a higher GNP leads to a higher quality of living.

  5. Top GNP Countries

  6. The difference is… • GDP defines its scope according to location • GNP defines its scope according to ownership.

  7. What is a Multinational Corporation? • is a corporation enterprise that manages production or delivers services in more than one country. • Many countries fight to have MNCs as they can lead to increased tax revenue, employment, and economic activity. • In many cases governments offer MNCs incentives such as tax breaks, pledges of governmental assistance or lax environmental and employment regulations.

  8. Multinational Corporations • In the 70’s and 80’s large multinational corporations (Nike, Adidas, Gap, Ralph Lauren) started to leave the north for the south because of labour and environmental regulations. • Ex: rising minimum wages, and emissions control laws

  9. Multinational Corporations • MNCs invested money in the southern economies, but only invested with the interest of boosting economic growth, and not improving social conditions • Many countries have limited choices. Either the people accept unfair terms of employment by the MNCs or the country tries to borrow more money through the IMF to help their ailing economies.

  10. How many do you know? • http://www.sporcle.com/games/g/corplogos

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