Loading presentation...

Present Remotely

Send the link below via email or IM

Copy

Present to your audience

Start remote presentation

  • Invited audience members will follow you as you navigate and present
  • People invited to a presentation do not need a Prezi account
  • This link expires 10 minutes after you close the presentation
  • A maximum of 30 users can follow your presentation
  • Learn more about this feature in our knowledge base article

Do you really want to delete this prezi?

Neither you, nor the coeditors you shared it with will be able to recover it again.

DeleteCancel

Make your likes visible on Facebook?

Connect your Facebook account to Prezi and let your likes appear on your timeline.
You can change this under Settings & Account at any time.

No, thanks

Gross Domestic Product

No description
by

Ramone Tate

on 8 February 2013

Comments (0)

Please log in to add your comment.

Report abuse

Transcript of Gross Domestic Product

Gross Domestic Product
(GDP) Importance of GDP http://data.worldbank.org/indicator/NY.GDP.MKTP.CD Question #1.!What is GDP?
.The measure of the total output of goods and services for final use occurring within the domestic territory of a given country.
#2. What is it's significance what purpose does it serve?
. It is an indicator of economic health of a country, and to view the standard of living. Well How do we measure GDP? There are two ways in which you can measure Gross Domestic Product.
1. The first is the the income approach
. The income approach is by adding up total compensation to employees
gross profits for incorporated and non incorporated firms and taxes less any subsidies

2. Expenditure method
. Tallied by adding total consumption, investment, government spending, and net exports!

GDP= C+G+I+ NX Gross Domestic Product is important and has an impact on everyone in an economy

.The GDP in the United States has expanded 3.1 percent in the third quarter of 2012

Historically from 1947 until 2012, the United States GDP Growth Rate averaged 3.23Percent reaching an all time high of 17.20 Percent in March of 1950 and a record low of -10.40 Percent in March of 1958. Continued Chart over the years Poor Research .Comes from a blog based on GDP called Statistics on Gross Domestic Product Correlations
.Research done on unnecessary correlations
. Some are outdated an nonfactual http://filipspagnoli.wordpress.com/stats-on-human-rights/statistics-on-gross-domestic-product-correlations/#8
Full transcript