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Tuesday, February 12, 2013

Create A Country, Day 2

Today, we discussed how to "build" an economy for one's country.  I gave an example on the board, and we worked on two examples on a hand-out.

Due tomorrow, Wednesday, February 13 is the following:

"What goods are produced/manufactured in your country?  What are the revenues for your goods?"  You need to list at least four items produced/manufactured in your country.  It just need to be a list, and can look like this:


Cat Nip          50,000 lbs   x  $2.00 lb  =    $100,000

Cat Toys         100,000      x  $3.00 each = $300,000

Litter Box       500,000     x $5.00 each   =  $2,500,000

Cat Litter        2,000,000 lb  x  $1.00 lb  =  $2,000,000


This will provide the Goods portion of your GDP.  Tomorrow we will discuss the "Services" portion of your country's GDP!

Thanks,
Cathy

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