GMS 400 Lecture Notes - Lecture 3: Gross Domestic Product, Mutual Assured Destruction, Purchasing Power Parity
1 Feb 2018
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Document Summary
Mad mutual assured destruction show of muscle, armed to the teeth. Ppp best example is the big mac index. The global economy, effects of the us and chinese economic locomotives (february 2018) Gdp: gross domestic product (gdp) is the total value in current market prices of all goods and services produced by residents of a country, and investments into the country, in one year. It is equal to the sum of: personal consumption expenditures (purchases) Investments: government expenditures, total of exports minus imports of goods and services. In 2017, top ten countries in gdp terms are: united states, china, japan, germany, united. In ppp terms, top ten countries are: china, united states, india, japan, germany, russia, brazil, Indonesia, united kingdom, and france: source (and for following chart): http://statisticstimes. com/economy/projected-world-gdp- ranking. php, top 10 countries in gdp (2017, gdp per capita in 2017 (estimated), amount of money per person.
