GDP
What does GDP stand for?
GDP stands for Gross Domestic Product
What is Global Economy?
Economic interactions that cross international borders
What is free trade?
Trade without policies such as tariffs
What is sustainable development?
The policy of creating economic growth while protecting the environment
What decade what the internet made readily available?
1980s
Who/What country created the concept of GDP?
The United States officially created GDP
In what year did Cuba and the U.S begin interacting economically?
July 2015
What decade was free trade opened between Canada and the U.S?
1980s
What organization created the sustainability goals?
United Nations General Assembly (UN)
Who helped develop the internet?
Researchers from the organisation ARPANET
What year was the modern GDP put into place?
1934
What unusual or illegal items are traded most frequently?
Illegal drugs and other "black market" goods
Why was free trade created?
Free trade provides access to high quality, low priced goods
Why is sustainability necessary?
Meets today's needs and protects tomorrow's future
When did the internet become accessible for use in schools?
Early-to-mid 1980s
Which countries use the GDP measurement?
Every country has some form of GDP measurement
What are the "BRIC" countries and why are they important?
"BRIC" refers to Brazil, Russia, India, and China; four countries that essential to the growth of global economy
What is GATT?
General Agreement on Tariffs and Trade
Who works to create a sustainable future?
Activists, Economists, and Scientists
How is the internet regulated?
The Federal Communications Commission puts regulations on the internet
Why do countries use GDP?
To measure the value of goods and services produced in their country (growth of production)
What industry sparked the need for Global Economy?
Fast Food Industry (McDonald's Industry going international)
What does the GATT do?
Promotes international trade and regulates trade barriers
Name 3 of the Sustainability goals!
These are: clean water, poverty, hunger, education, climate change, well-being, gender equality, clean energy, sanitation, decent work, innovation, responsibility, etc.
How much data is stored worldwide?
Over 5 million terabytes of data