Test your knowledge with free interactive questions on Seneca — used by over 10 million students.

Gross Domestic Product (GDP)

GDP (Gross Domestic Product) is the main way to measure development economically (by looking at money and wealth).

Quality of life

Quality of life

  • Development is defined as an improvement in people’s quality of life.
  • Therefore one way to measure development is to look at the money and wealth of a country.
  • If a country has more money to spend on providing services for its population, then the country is likely to be more developed.
Gross Domestic Product (GDP)

Gross Domestic Product (GDP)

  • GDP is an economic measure of development.
  • The definition of GDP is the total value of goods and services produced in a country, per year.
  • So, it takes into account everything made (goods) and provided (services) and adds up how much this was worth in one year.
  • When measuring development using GDP, the higher the GDP, the more developed a country is.
Examples

Examples

  • In 2018, the country with the highest GDP is America.
  • China is the second largest economy based on its GDP.
  • Japan is third.
GDP per capita

GDP per capita

  • You can also measure development by looking at GDP per capita.
  • This means GDP ‘per person’.
  • GDP per capita is calculated by dividing the total GDP of the country by the number of people in the population and it gives you an idea of how much wealth each person in the country has.
Jump to other topics
1

Geography Skills

2

Geology of the UK

3

Geography of the World

4

Development

5

Weather & Climate

6

The World of Work

7

Natural Resources

8

Rivers

9

Coasts

10

Glaciers

11

Tectonics

12

Climate Change

13

Global Population & Inequality

14

Urbanisation

15

Ecosystems

16

Life in an Emerging Country

17

Analysis of Africa

18

Analysis of India

19

Analysis of the Middle East

20

Analysis of Bangladesh

21

Analysis of Russia

Practice questions on GDP

Can you answer these? Test yourself with free interactive practice on Seneca — used by over 10 million students.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
Answer all questions on GDP

Unlock your full potential with Seneca Premium

  • Unlimited access to 10,000+ open-ended exam questions

  • Mini-mock exams based on your study history

  • Unlock 800+ premium courses & e-books

Get started with Seneca Premium