Tuesday, February 24, 2015

CCSS3 Unit 12 -- What was the GDP again???



Gross domestic product (from wikipedia)
In economics, the gross domestic product (GDP) is how much a place produces in some amount of time. For nations, the GDP can be calculated by adding up its output inside the borders of that country.
To know the GDP of a country, you need to add up consumer spending, investment spending, government spending and the value of the exports and subtract the value of the imports.
This measure is often used to find out how healthy a country is, in an economic way. In other words, a country with a high value of GDP can be called a large economy.
GDP per capita is the total income of a country, divided by the number of inhabitants. It shows how much money people make on average at work.


Rank
Country/Region
GDP (Millions of US$)

74,699,258[15]

17,512,109[15]
1
16,768,050
2
9,469,124[n 2]
3
4,898,530
4
3,635,959
5
2,807,306

2,800,090[15]
6
2,523,216
7
2,246,037
8
2,096,774[n 4]
9
2,071,955

2,013,318[15]
10
1,876,811
11
1,826,769
12
1,505,924
13
1,358,687
14
1,304,468
15
1,260,915
16
870,275
17
853,806
18
819,990
19
748,450
20
650,431
21
610,288
22
558,949
23
521,812
24
517,705
25
512,581
26
508,275
27
489,089
28
416,062
29
402,340
30
387,253
31
378,415
32
 Iran
367,098
33
350,800
34
330,614
35
313,158
36
297,941
37
290,643
38
276,971

274,027
39
272,067
40
271,427
41
267,412
42
241,796
43
232,757
44
232,150
45
231,876
46
 Iraq
229,327
47
227,175
48
220,062
49
212.453
50
202,450
51
 Peru
202,416
52
198,450
53
188,893

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