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 World69,899,225 1United States15,075,675 2China7,298,147 3Japan5,866,540 4Germany3,607,364 5France2,778,085 6Brazil2,492,907 7United Kingdom2,431,310 8Italy2,198,732 9Russia1,850,401 10India1,826,811

3. Gross Domestic Product - Low 174Grenada819 175Vanuatu760 176Saint Kitts and Nevis715 177Saint Vincent and the Grenadines688 178Samoa634 179Comoros614 180Dominica483 181Tonga439 182São Tomé and Príncipe248 183Kiribati167 184Tuvalu36

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 Rank201120102009 1 United States 15,097,083 United States 14,648,955 United States 14,135,520 2 China 6,628,086 China 5,717,592 China 4,822,913 3 Japan 5,774,376 Japan 5,359,236 Japan 4,793,538 4 Germany 3,594,303 Germany 3,513,807 Germany 3,472,823 5 France 2,775,664 France 2,745,670 France 2,742,735 6 United Kingdom 2,366,544 United Kingdom 2,373,636 United Kingdom 2,532,124 7 Italy 2,146,998 Italy 2,149,222 Italy 2,141,109 8 Brazil 2,107,628 Brazil 1,859,414 Brazil 1,575,897 9 India 1,746,481 India 1,539,419 Spain 1,469,901 10 Canada 1,570,886 Canada 1,475,865 Canada 1,412,899

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

8. 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.

9. 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

10. 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.

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