Gross Domestic Product (GDP) and GDP per Capita
This Demonstration calculates the gross domestic product (GDP) based on the four components of the GDP equation:[more]
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.[less]
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