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GDP.html
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<!DOCTYPE HTML>
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<title>G20 Country Spending (GDP)</title>
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<h1><a href="index.html">Spending Behavier<span class="logo_color"> </br> - 10 Countries of G20</span></a></h1>
</div>
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<ul id="menu">
<li><a href="index.html">Overview</a></li>
<li><a href="Education.html">Education</a></li>
<li><a href="Healthcare.html">Healthcare</a></li>
<li><a href="Military.html">Military</a></li>
<li class="selected"><a href="GDP.html">Impact of GDP</a></li>
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<h3>Designer</h3>
<h4>HungChun Lin</h4>
<h5>Data Science Program
</br>Columbian College of Arts and Sciences</br>George Washington University</h5>
<h5><a href="[email protected]">[email protected]</a></h5>
<p>This website is my first project for visualizing the complex data</p>
<h5>Instructor: Dr. Nima Zahadat</h5>
<h3>Resourse Links</h3>
<ul>
<li><a href="https://www.worldbank.org/">World Bank</a></li>
<li><a href="https://developers.google.com/chart/interactive/docs/gallery">Google Gallery</a></li>
<li><a href="https://www.data.gov/">Government Datasets</a></li>
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<li><a href="https://www.plot.ly/">Plotly</a></li>
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<h1>Gross Domestic Product (GDP)</h1>
<p>Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services
produced in a specific time period, often annually.</p>
<h1>GDP defination</h1>
<p>The OECD defines GDP as "an aggregate measure of production equal to the sum of the gross values added
of all resident and institutional units engaged in production (plus any taxes, and minus any subsidies,
on products not included in the value of their outputs)." An IMF publication states that "GDP measures the monetary value
of final goods and services—that are bought by the final user—produced in a country in a given period of time (say a quarter or a year)."
</br>
Total GDP can also be broken down into the contribution of each industry or sector of the economy.
The ratio of GDP to the total population of the region is the per capita GDP and the same is called Mean Standard of Living.
GDP is considered the "world's most powerful statistical indicator of national development and progress".</br>Information got from <a href="https://en.wikipedia.org/wiki/Gross_domestic_product">Wiki Pedia</a> </p>
</br>
<h5>Reference: </br>
[1]"Finance & Development". Finance & Development | F&D. Retrieved 2019-02-23.</br>
[2]"Gross Domestic Product | U.S. Bureau of Economic Analysis (BEA)". www.bea.gov. Retrieved 2019-02-23.</br>
[3]Hall, Mary. "What Is Purchasing Power Parity (PPP)?". Investopedia. Retrieved 2019-02-23.</br>
[4]"OECD". Retrieved 14 August 2014. </br>
[5]Callen, Tim. "Gross Domestic Product: An Economy's All". IMF. Retrieved 3 June 2016. </br>
[6]Dawson, Graham (2006). Economics and Economic Change. FT / Prentice Hall. p. 205. ISBN 0-273-69351-4. </br>
[7]Lepenies, Philipp (2016). The Power of a Single Number: A Political History of GDP. New York: Columbia University Press. ISBN 978-0-231-17510-4.</h5>
<br /><br /><br />
<!--Google API-->
<div class="graph">
<div class="description_graph">Average GDP of 10 countries from 2011 to 2016 (in billion)</div>
<div id="GDP_average_div"
style="width:700px; height:400px;"></div>
<div class="description_graph">Correlation between GDP/Capita and Education expenditure/Capita</div>
<div id="GDP_Education_div"
style="width:700px; height:400px;"></div>
<p>Calculating the correlation between the <span class='country_color'>GDP/Capita</span> and <span class='country_color'>Education expenditure/Capita</span>, we got the <span class='highlight'>R square = 0.92</span>,
which means the correlation between them is <span class='highlight'>pretty high</span>.</p>
<div class="description_graph">Correlation between GDP/Capita and Healthcare expenditure/Capita</div>
<div id="GDP_Healthcare_div"
style="width:700px; height:400px;"></div>
<p>Calculating the correlation between the <span class='country_color'>GDP/Capita</span> and <span class='country_color'>Healthcare expenditure/Capita</span>, we got the <span class='highlight'>R square = 0.87</span>,
which means the correlation between them is <span class='highlight'>high</span>.</p>
<div class="description_graph">Correlation between GDP/Capita and Military expenditure/Capita</div>
<div id="GDP_Military_div"
style="width:700px; height:400px;"></div>
<p>Calculating the correlation between the <span class='country_color'>GDP/Capita</span> and <span class='country_color'>Military expenditure/Capita</span>, we got the <span class='highlight'>R square = 0.64</span>,
which is <span class='highlight'>lower</span> than the other two expenditures.</p>
</br>
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