GRADE 7 HEALTHCARE IDU VOCABULARY for Science & Humanities – GNP & GDP WORD DEFINITION EXAMPLE/S VISUAL Real World GDP Gross Domestic All the money Countries with earned by a larger GDP can Product - this country in one do more for their measure the year (jobs, trade, healthcare or at economic natural resource least will have performance of a sales etc.) better technology country. and solutions for It is the total The GDP of healthcare. market value of China is $300 all final goods and billion. More doctors, services produced hospitals and in a country in a access to given year medicines GNP All the money HIGH GNP means Gross national earned for the people are product is the country by the earning more in market value of all citizens usually the country and – the products and through their can afford better services produced in income and healthcare even if one year by labour working their land it is no free or and property given to the companies can – supplied by the government in provide it for their citizens of a taxes. employees. country. GNP is a big part of the GDP!
GRADE 7 HEALTHCARE IDU – VOCABULARY for Science & Humanities GNP & GDP WORD DEFINITION EXAMPLE/S VISUAL Real World GDP Gross Domestic Product - this measure the economic performance of a country. It is the total market value of all final goods and services produced in a country in a given year All the money earned by a country in one year (jobs, trade, natural resource sales etc.) The GDP of China is $300 billion. Countries with larger GDP can do more for their healthcare or at least will have better technology and solutions for healthcare. More doctors, hospitals and access to medicines GNP Gross national product is the market value of all the products and services produced in one year by labour and property supplied by the citizens of a country. All the money earned for the country by the citizens – usually through their income and working their land – given to the government in taxes. GNP is a big part of the GDP! HIGH GNP means people are earning more in the country and can afford better healthcare even if it is no free or companies can provide it for their employees.