1 / 8

What is GDP?

What is GDP? . GDP = Gross domestic product GDP/Gross domestic product : The amount of products and services produced in one country in one year . 1. 2. 3. 4. 5. 6. How Investing in Resources affects GDP Real world examples. Japan invests money to improve education.

colton
Download Presentation

What is GDP?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. What is GDP? • GDP = Gross domestic product • GDP/Gross domestic product: The amount of products and services produced in one country in one year.

  2. 1. 2. 3. 4. 5. 6.

  3. How Investing in Resources affects GDPReal world examples Japan invests money to improve education. Better infrastructure makes transporting goods easier. GDP declines 

  4. Workers become smarter and more productive. Workers are able to produce high tech products that gain more money in trade. United Arab Emirates invests resources in building better roads and ports (infrastructure) GDP increases  Easier transportation results in more trade. Lower worker productivity causes trade to go down. GDP increases  Many workers stay home a lot because they are sick. Dictator Robert Mugabe of Zimbabwe spends the nation’s money on mansions and parties, instead of healthcare.

  5. How Investing in Resources affects GDPReal world examples Japan invests money to improve education. Workers are able to produce high tech products that gain more money in trade. Workers become smarter and more productive. GDP increases  United Arab Emirates invests resources in building better roads and ports (infrastructure) Better infrastructure makes transporting goods easier. GDP increases  Easier transportation results in more trade. Many workers stay home a lot because they are sick. GDP declines  Lower worker productivity causes trade to go down. Dictator Robert Mugabe of Zimbabwe spends the nation’s money on mansions and parties, instead of healthcare.

  6. Japan invests money to improve education. Workers become smarter and more productive. Workers are able to produce high tech products that gain more money in trade. GDP increases  United Arab Emirates invests resources in building better roads and ports (infrastructure) Better infrastructure makes transporting goods easier. Ease of transportation results in more trade. GDP increases  Dictator Robert Mugabe of Zimbabwe spends the nation’s money on mansions and parties, instead of healthcare. Many people can’t work because they are sick. Lower worker productivity causes trade to go down. GDP declines 

  7. Dictator Robert Mugabe of Zimbabwe spends the nation’s money on mansions and parties, instead of healthcare. Workers are able to produce high tech products that gain more money in trade. Workers become smarter and more productive. Easier transportation results in more trade. GDP increases  Lower worker productivity causes trade to go down. GDP increases  Many workers stay home a lot because they are sick. United Arab Emirates invests resources in building better roads and ports (infrastructure)

More Related