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.