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3E Economics par. 9.1
Par. 6.4
assignment 3
A
a, f
B
b, e
C
c, d
1 / 20
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Slide 1:
Quiz
Economie
Middelbare school
vwo
Leerjaar 3
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Par. 6.4
assignment 3
A
a, f
B
b, e
C
c, d
Slide 1 - Quiz
Par. 6.4 assignment 18a
Purchasing power ...(1) after 2009, which proves that negotiation power of employees ...(2)
A
1 decreased 2 decreased
B
1 decreased 2 increased
C
1 increased 2 decreased
D
1 increased 2 increased
Slide 2 - Quiz
Par. 6.4 assignment 18c
What is not a possible argument?
A
Dutch companies will not move to low wage countries
B
Less mechanisation
C
Better Dutch international competitiveness
D
Less purchasing power
Slide 3 - Quiz
Supply chain
A supply chain shows us which companies are part of the production path of a product
You can show the flow of products and the flow of money in a supply chain
Slide 4 - Diapositive
Slide 5 - Diapositive
How is a product produced?
From a tree to a canoe in the shop
Timber trade
Canoe-factory
Wholesale
Shop
Lumberjacks
Slide 6 - Diapositive
How is a product produced?
From a tree to a canoe in the shop
Timber trade
Canoe-factory
Wholesale
Shop
Lumberjacks
Supply chain
Show the different companies that work together to produce a final product
Slide 7 - Diapositive
€ 180
€ 95
€ 63
€ 28
How is a product produced?
From a tree to a canoe in the shop
Timber trade
Canoe-factory
Wholesale
Shop
€ 15
Lumberjacks
Slide 8 - Diapositive
Which company do you think is economically the most important in this production chain?
A
Lumberjacks
B
Timber trade
C
Canoe factory
D
Wholesale
Slide 9 - Quiz
€ 180
€ 95
€ 63
€ 28
How is a product produced?
From a tree to a canoe in the shop
Timber trade
Canoe-factory
Wholesale
Shop
€ 15
Lumberjacks
Added value
The value added to the product when a company in the supply chain does something extra
€ 13
€ 35
€ 32
€ 85
€ 15
Slide 10 - Diapositive
Every stage has a higher price, because of costs and profit margin in that stage
Added value = Turnover - Purchase price - 3rd party services
Slide 11 - Diapositive
Slide 12 - Diapositive
Primary incomes: rewards for the production factors
Added value = all primary incomes
Added value = all wages, rent, interest, leases and profits
Slide 13 - Diapositive
Slide 14 - Diapositive
Added value = 1.000 - 100 - 100 = 800
Added value = 350 + 150 + 100 + 200 = 800
Slide 15 - Diapositive
GDP of a country equals all the added values in a country
GDP
Slide 16 - Diapositive
Take into account when measuring GDP:
- number of inhabitants
- price level
- income inequality
- self sufficiency
- black market
Slide 17 - Diapositive
rich countries <-> developing countries
When the real GDP increases we speak of economic growth
Economic growth is the result of more and better production factors
- technological innovation, better capital goods
- training, better skilled labourers
Slide 18 - Diapositive
rich countries <-> developing countries
Vicious Cycle of poverty
Low income
/ \
Low production Low level of savings \ /
Low investments in technology and education
Slide 19 - Diapositive
Hw.
Par. 9.1 Assignments 9 and 11
Slide 20 - Diapositive
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