gross domestic product dollar value of every single good and service produced in an economy in a...
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GDP
Gross Domestic ProductDollar value of every single good and service produced in an economy in a given year.
GDP is probably the most important piece of information calculated by our government
GDP was $15.68 trillion USD (2012)and $16.633 trillion in 2013 and now at this point is at $16.8 trillion
www.cnbc.com/id/102056652# Video clip about jobs created and our economy
http://www.economist.com/blogs/graphicdetail/2014/08/chinese-and-american-gdp-forecasts
C+I+G+(X-M) = GDPC= Consumer SpendingI= Investments by businessG= Government spendingX= ExportsM= Imports
Consumer spending is by far the largest of the four categories
Goods and services produced for household consumption account for 2/3 of total output
In your groups:Make a list of the goods and services you used from the time you woke up yesterday until you went to bed last night.
“Walk through” a typical day Combine information to create a group list- do not list items more than once
GDPs of the Worldhttp://data.worldbank.org/in
dicator/NY.GDP.MKTP.CD