Gross Domestic Product (GDP) and GDP per Capita
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:
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.