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GDP Worksheet

GDP, or gross domestic product, measures the total value of all goods and services produced in a country in a given period. It is made up of consumer spending (C), investments (I), government spending (G), and net exports (X - M). Consumer spending includes durable and non-durable goods and services. Investments include business spending on tangible and intangible assets. Government spending includes expenditures on programs and services. Net exports equal total exports minus total imports.

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68 views6 pages

GDP Worksheet

GDP, or gross domestic product, measures the total value of all goods and services produced in a country in a given period. It is made up of consumer spending (C), investments (I), government spending (G), and net exports (X - M). Consumer spending includes durable and non-durable goods and services. Investments include business spending on tangible and intangible assets. Government spending includes expenditures on programs and services. Net exports equal total exports minus total imports.

Uploaded by

tomas ladino baena
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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GDP……YO TEACHER…..WHAT’S THAT?

GROSS DOMESTIC PRODUCT (GDP) VALUE OF ALL GOODS & SERVICES PRODUCED IN A COUNTRY.
VALUATION IS SIZE OF COUNTRIES ECONOMY. EXPLANATORY VARIABLE (X-AXIS) IN PHASE 2.

Gross Domestic Product (GDP): measures the total dollar value of all final goods and services
produced within a country in a given time period.

Who buys goods and services in a country?

Three groups – consumers, businesses and governments

GDP = C + I + G + NX
NX = (X -M)
C – CONSUMER Literally, ANYTHING that you, parents, DURABLE GOODS (cars,
SPENDING teachers, anybody spends on goods or furniture, house, appliances)
services within a country.
NON-DURABLE GOOD (clothes,
food, fuel, snacks, drinks)
SERVICES (banking, health care,
education, wages, salary,
I - INVESTMENTS Consists of BUSINESS SPENDING, on TANGIBLE ASSETS (bogota
Fixed Assets (factories, machinery, airport, machines, factories)
equipment, raw materials) within a
INTANGIBLE ASSETS (stocks,
country.
bonds, treasuries, software)
G – GOVERNMENT Literally, ANYTHING that government FEDERAL EXPENDITURE
spends on goods or services within a (pensions, health insurance,
country
military, education, defence,
transport, etc.)
NX – NET EXPORTS NX = NET EXPORTS = TOTAL EXPORTS –
TOTAL IMPORTS

TOTAL EXPORTS Consists of GOODS & SERVICES that PRODUCTS & SERVICES THAT
(X) are leaving the country to go to another. ARE LEAVING YOUR COUNTRY
If Colombia sells Aguacates to USA, the
value of it goes here.
TOTAL IMPORTS Consists of GOODS & SERVICES that PRODUCTS & SERVICES THAT
(M) are ENTERING the country. If Colombia ARE ENTERING YOUR COUNTRY
has iPhones that are imported, the value
of it goes here.
IN YOUR METADATA, YOU HAVE BEEN GIVEN THE TOTAL GDP AND THE % FOR EACH COMPONENT IN
YOUR GDP VALUE.

YOU WILL NEED TO DETERMINE CREATIVELY WHAT YOUR COUNTRIES ECONOMY CONSISTS OF…..

COUNTRY GDP
#? (Billion $)
CONSUMER SPENDING – C

% OF GDP GDP - C
(Billion $)
WHAT 10 THINGS DO YOUR CONSUMERS SPEND MONEY ON AND WHY?

What do they Why do they buy it?


buy?
1.
2.

3.
4.

5.

6.
7.

8.
9.

10.
GOVERNMENT SPENDING – G

% OF GDP GDP - G
(Billion $)
WHAT 10 THINGS DOES YOUR GOVERNMENT SPEND MONEY ON (CAN INCLUDE
GOVERNMENT SPONSORED RESEARCH OR PUBLIC PROJECTS)? WHY?

What does your Why do they spend money on


Government these projects?
spend $ on?
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
INVESTMENT SPENDING – I

% OF GDP GDP - I
(Billion $)
WHAT 5 INVESTMENT PROJECTS ARE IN YOUR PRIVATE SECTOR (BUSINESS &
INDUSTRIES)? WHY?

What are the Why do they spend money on


Investments in these projects?
your country?
1.
2.
3.
4.
5.
NET EXPORTS – NX
THE NET EXPORTS IS THE TOTAL AMOUNT THAT A COUNTRY
EXPORTS MINUS TOTAL AMOUNT THAT COUNTRY IMPORTS

EXPORTS - X

% OF GDP GDP - X
(Billion $)
WHAT 5 THINGS DOES YOUR COUNTRY EXPORT?

What do you Why do you send it to other


send away countries?
from the
country?
1.

2.

3.

4.

5.
IMPORTS - M

% OF GDP GDP - M
(Billion $)
WHAT 5 THINGS DOES YOUR COUNTRY EXPORT?

What do you Why do you bring it in from


order to your other countries?
country?
1.

2.

3.

4.

5.

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