Social Studies 1

Social Studies 1

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Storyboard Description

GDP impaction

Storyboard Text

  • How does entrepreneurship impact a country's GDP?
  • How about we take a look at it?
  • Businesses make money by selling products in the home country which are domestic products.
  • When we export goods to other countries, we make money but if we import goods from other countries, they make money.
  • Our country has a high GDP or Gross Domestic Product. because of our company!
  • For example, our bicycle helmet company sells bicycle helmets domestically.
  • A high GDP for a country means that that country has a strong economy.
  • Our country has a high GDP so we have a high standard of living!!!
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