1. Gross Domestic Product
GDP
Gross Domestic Product

2. What is GDP?
One of the major measures of the health and growth of a nations economy. (economic indicator)
The output of final goods and services (expressed in currency) produced by labor and property in a country.
What residents in a country produce for end consumption, not as an input into another final good.

3. GDP = Consumption + Investment + Government Spending + Net Exports
How to Determine GDP
GDP = Consumption + Investment + Government Spending + Net Exports

4. Consumption
Purchases of goods and services by households

5. Investments
Purchases of fixed assets by businesses, new homes by households, and inventories

6. Government Spending
Final purchased by federal, state, and local governments

7. Net Exports
The final amount a country exports minus the amount it imports.

8. Assignment- Students work with a partner; prepare brief PPT lesson for class on ONE question below- no group does the same question! 50 Points
What are the problems in measuring the GDP?
How does the GDP affect the individual?
How does your personal spending affect GDP?
How do world events affect the GDP?
How can advances in technology affect the GDP?
What impact do imports have on the GDP?
Why is GDP important in helping marketers identify emerging global markets?
How do small businesses help contribute to the United States' GDP?