What does GDP stand for?
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Curipod lesson about topic "Gross Domestic Product"
erin.hubbard
Updated 3 months ago
1. Word cloud
120 seconds
What does GDP stand for?
2. Slide
60 seconds
GDP measures the total value of all the goods and services produced in a country. It is used to determine the economic growth of a country. It is often compared to other countries to understand their relative economic standing.
Gross Domestic Product
3. Slide
60 seconds
goods and services: Goods and services are any tangible or intangible objects that satisfy human needs and wants. economic growth: Economic growth is the increase in the total production of goods and services in an economy. relative economic standing: Relative economic standing is a comparison of a country's GDP to those of other countries.
Concepts:
4. Poll
60 seconds
What is your opinion on Gross Domestic Product (GDP)?
- GDP is an important measure of economic growth.
- GDP is an outdated measure of economic progress.
- GDP is an inaccurate measure of economic success.
- GDP is a necessary measurement of economic development.
5. Slide
60 seconds
The United States has the highest GDP in the world, followed by China. In 2018, the U.S. GDP was estimated to be $20.5 trillion. The GDP per capita of Qatar, a tiny Middle Eastern country, is higher than that of the U.S.
Fun facts:
6. Drawings
450 seconds
Draw / write: What are some of the key drivers of a country's gross domestic product?
7. Drawings
360 seconds
Draw / write: What are the implications of trends in GDP for a country's economic development?
8. Open question
150 seconds
What do you think is the most important factor influencing a country's GDP?
9. Open question
330 seconds
What do you think the most effective way to boost a country's GDP is?
Made with ❤️ from Norway