Gross Domestic Product (GDP) and GDP per Capita

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This Demonstration calculates the gross domestic product (GDP) based on the four components of the GDP equation:

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GDP = consumption + investments + government expenditure + (exports – imports).

The GDP value divided by the population size equals the GDP per capita. While simplistic, this model provides a very clear visual representation of the most widely used metric of economic activity.

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Contributed by: Farhan Hossain (March 2019)
Open content licensed under CC BY-NC-SA


Snapshots


Details

Snapshot 1: an economy where imports are greater than exports, leading to a negative net export value

Snapshot 2: a high-performing economy that has a low GDP per capita due to a large population

Snapshot 3: another typical possibility

Torrey Pines High School, Advanced Topics in Mathematics II, 2018–2019



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