Colin O’Dowd
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Colin O’Dowd
GDP is the total dollar value of all final goods and services.
US has the highest GDP
GDP per Capita is output per person US has the highest GDP per Capita
US unemployment is 7.6%. This is very low because millions are out of work and cant afford to pay for their needs.
NC unemployment is about 6.1%
Personal Income refers to salaries and wages as well as investment income and government payments to individuals.
A persons salary plus profits from stocks A elderly persons savings and pension
It is important to have high productivity because you need to fulfill all of the peoples needs and wants.
A high productivity will be influence by personal income and GDP
Consumer spending for food, clothes, houses, and others
Business spending for buildings, equipment, and other
Government spending on employees, resources, and supplies
Exports of a country are more than the imports.
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