Looking Over our CIA Factbook Questions

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   Today in class, Mr. Schick pulled up the correct answers to the questions we completed yesterday for our blog. We got to review them to further understand them. For example, I better understood what GDP- per capita (PPP) means. Basically, it is the average amount of money each person in a country makes. It is calculated by the amount of money the country as a whole makes, then is split by how many people there are in that country. In the United States, the CIA Facebook website documented that in 2017, the GDP- per capita (PPP) was $59,800. This means that, on average, an American citizen makes about $59,800 in their lifetime. Now, for instance, take Luxembourg. Its GDP- per capita (PPP) in 2017 was $105,100. Why is this so much more than that of the United States? Well, even though it seems that Luxembourg makes more money than the United States, Luxembourg's GDP (which is how much the country as a whole makes), is lower than that of the U.S. There are also a lot less people in Luxembourg than there are in the United States; so their GDP divided by a smaller number ended with a value (PPP) that is greater than that of the United States' PPP. Overall, even though we only got through about 11 of the 21 CIA Factbook questions, this class helped me understand the terms we are using a little better.

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