GDP

GDP (Gross Domestic Product

GDP or gross domestic product of a certain region is a way of measuring the economy size . GDP is the value of all services and goods produced inside a country within a specific period of time and are based annually . GDP includes investments , consumer spending , government spending and the countries GDP is used to measure the health of the economy , and to measure the productivity of a country

GDP C G I NX

C all consumer spending (public or private ) in a nation 's economy

G

br I NX A major component that drives GDP is consumption , and since an increase in population could cause higher consumption . Population is also a factor affecting the rise and fall of GDP of a certain region . So the relationship is important

Table 1

Forecast GDP , Consumption , and Population

for 1998-2010

Year GDP change Consumption change Population change

1998 7549 .9 5 .02 5151 .2 5 .83 270 .0 0 .83

1999 7474 .8 -0 .99 5094 .7 -1 .10 272 .3 0 .85

2000 7619 .8 1 .94 5197 .0 2 .01 274 .6 0 .84

2001 7764 .8 1 .90 5299 .4 1 .97 276 .9 0 .84

2002 7909 .8 1 .87 5401 .7 1 .93 279 .2 0 .83

2003 8054 .8 1 .83 5504 .1 1 .89 281 .5 0 .82

2004 8193 .5 1 .72 5602 .0 1 .78 283 .7 0 .78

2005 8338 .5 1 .77 5704 .3 1 .83 286 .0 0 .81

2006 8483 .5 1 .74 5806 .7 1 .79 288 .3 0 .80

2007 8628 .5 1 .71 5909 .0 1 .76 290 .6 0 .80

2008 8773 .5 1 .68 6011 .4 1 .73 292 .9 0 .79

2009 8924 .8 1 .72 6118 .2 1 .78 295 .3 0 .82

2010 9044 .6 1 .34 6202 .7 1 .38 297 .2 0 .64 GDP and consumption are measured in billions of chained 1992 dollars

and population is measured in millions ( HYPERLINK "http /paws .wcu .edu /mulligan /www /NCES99-5 .html http /paws .wcu .edu /mulligan /www /NCES99-5 .html

There are also economic factors that drive GDP . One attribute of economy that affects GDP is the civilizations history . The culture of the place may affect the people 's productivity depending on their customs , traditions , beliefs , and way of life , religions and attitudes Because some traditions and bad attitudes like corruption can be traced down the history books , slowing down economic progress

Another one is the social organization of a place . Education , families religions and economic systems , these are basis of how strong or weak the economy can be

Another is the geography and ecology of the place . Different ecoregions has different effects on the economy . Examples are deserts , savannahs mountains , hills , meadows , rainforests , tundra , etc

Ecoregions represent different land types suitable , for planting agricultural products , for raising poultry , lumberyards , mining fields and other resource extraction opportunities that help the improvement of the economy

All these factors have an effect...