RUSSIA GDP

WHAT IS GDP?

• GDP- Gross Domestic Product, annual money gained from consumer purchases over a year.
• This helps show how a countries economy is.

GDP

• Russia's GDP of 2014 was $2096.78 billion USD

WHAT IS UNEMPLOYMENT?

• Unemployment is when people without work are actively looking for work.
• When recession hits is when unemployment rates are at the highest.

RUSSIA UNEMPLOYMENT

• As of 2014 it was at 5.64%
• The highest it's ever been was 2009 at 8.4%

WHAT IS INFLATION?

• Inflation is a sustained growth of price for goods and services.
• As it rises every dollar you own buys smaller percentages of goods and services.

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GDP CHART

• Blue-US, Red- Russia

UNEMPLOYMENT CHART

UNEMPLOYMENT CHART

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Conclusion
I learned that these three indicators really affect what happens in a economy. Inflation rates really impact the GDP of the country and unemployment rates also affect the GDP of the country. If I were a small business owner I would follow what is going on in the economy so that I wouldn't go bankrupt because of inflation and to make sure I knew about the inflation rates and unemployment rates.

The most important indicator would have to be inflation. I chose inflation because with inflation it makes everything more expensive, which also makes the GDP rise because you are making more money and unemployment rates would lessen because people would pay people more from the profit they are making from the high price sales they are making. After time it also could result to lay-offs and unemployment rates would rise again.

SOURCES

• http://www.tradingeconomics.com/russia/gdp
• http://en.m.wikipedia.org/wiki/Unemployment