The quality of education for citizens in a country has a large effect on GDP, adidas y3 trainers which affects the income per capita. Countries that increase the quality and availability of education can increase their national economic production. For example, when a country has a larger population of engineers designing new products for sale in the technology market, that country's national production output is greater than a country that relies mainly on rural agriculture and construction. Highly educated populations contribute more to their economy, driving GDP and increasing income per capita.
Consumption
Consumer consumption drives the total economic output of a country, which increases income per capita. adidas marathon trainers National populations that spend more on goods and services benefit the GDP. To increase income per capita, consumer spending should be encouraged. For instance, when interest rates are lowered by the federal government, consumers use their credit to purchase more goods and services. Any action that encourages spending -- be it discounts, tax breaks or other incentives -- increases GDP and income per capita.
Exports
Part of the GDP for a country is calculated by adding the total exports for the year. All products that a country produces for sale to other countries are considered exports. For instance, Japan exports vehicles for consumers in the United States to purchase. Every Japanese vehicle purchased by a United States consumer adds to the GDP of the Japanese economy, which consequently increases per capita income. Increasing the number of exports directly increases income per capita.
Government Spending
A government can increase the GDP of its country by spending more money inside of the country. Any money spent on infrastructure, government programs or subsidies has the potential to increase GDP and per capita income. For instance, when the government orders fighter planes for use in the military, defense and aeronautical contractors receive money for their work, increasing GDP. Every plane built by a contractor is a product added to national economic output.
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