Bellringer
1. Calculate the GDP of Mexico in 2009, where exports were $200 billion, imports were $250 billion, consumers spent $950 billion, $300
billion was invested in business, and government spent $200 billion.
2. Is Mexico a net exporter or net importer?
3. If Costa Rica’s GDP is $48 billion, which country has a larger economy?
4. How many students are in class today?5. Do you think the world is getting richer or poorer?
Per capita statistics
• Latin for “per each head”
• IOW: Per person
• X per capta =
• On your BR:
5. Calculate cellphones per capita
6. Bank accounts per capita
7. Household vehicles per capita
X
# of people
GDP per capita• Adjust for different population
– Divide GDP by population
GDP $# of people
Mexico vs. Costa Rica
GDP: $1.483 trillion
($1483 billion)
Population:
111 million
GDP per capita:
$13,360
GDP: $48 billion
Population:
4.2 million
GDP per capita:
$11,480
China vs. Germany
GDP: $6 trillion
($6,000 billion)
Population:
1.3 billion
1,300 million
GDP per capita:
$4,600
GDP: $3.6 trillion
($3,600 billion)
Population:
81 million
.081 billion
GDP per capita:
$38,000
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8. In the last 200 years, describe world GDP per capita.
9. Do you think this will continue for another 200 years? Explain.
