GDP

• Economie
• Middelbare school
• vwo
• Leerjaar 3

Programme

We will discuss homework tomorrow

Work through the lesson up in groups of two

Work on homework (see last slide)

Added value:

Difference between turnover (p*q) and purchased products and services.

What is an example of purchased products and services?

1. Employee costs
2. Interest costs
3. Purchasing ingredients from a different country
4. Profit

How do business add value?

They pay wages of employees

They pay rent for their buildings

They pay interest on their debts

They create profit

GDP: Gross Domestic Product

The total added value of a country.

If you add the added value of all business together, we call this GDP (BBP in Dutch). This is how we measure the economy.

The GDP in NL went from 142 billion euro to 1050 billion euro. Calculate the economic growth.

The GDP of the United States is higher than the GDP in the Netherlands

1. True
2. False

Give a reason why the GDP in the USA is higher than in the Netherlands.

Get to work!

Work on questions 7-10