Transcript GDP and Tourism

GDP and Tourism
Chapter 12-2 Greece
Greece Today
Greece’s Flag
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Sit with your color!
Bellwork: Read the article
in the folder on your desk.
Do what your “ticket”
says.
Examine the next political
cartoon.
Read the article about
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A country’s debt
Budget surplus
Budget deficit
Greece Today
Burrito Book page 3.
***If a country spends
___less__ than it takes in
(through taxes), it is called
a budget surplus.
***If a country spends
___more__ than it takes
in (through taxes), it is
called a budget deficit.
A budget deficit means that
a country has a debt.
A debt is money that is
owed.
Greece’s Economy page 295
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Read the first paragraph.
Why is Greece’s economy
poorer than many other
European countries?
Read page 295.
Greece is poorer than
other European countries
because of its lack of
resources!
It has only a few minerals
and most of the land is too
rocky to farm.
Greece’s Economy
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Read the second
paragraph. What does
Greece excel in and
why?
However, Greece
excels in shipping
because they are
located on the
Mediterranean Sea
and Aegean Sea.
Greece’s Economy Today
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Because of the history of the
Greek civilization, many tourists
travel to Greece to see the
ancient sites of Athens and the
surrounding area.
Also, because of their
historical artifacts (like the
Parthenon), much of
Greece’s economy is also
supported by tourism.
Political Cartoons!!
However, Greece currently is
going through a financial crisis.
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Examine the following Political
Cartoons:
1.
“Parthenon for Sale”
2.
The Greek Economy
3.
Greek Piggy Bank
4.
Germany’s leader holding up the
EU and Greece
Greece has a huge budget
deficit that it is struggling to
pay back.
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EU = European
Union. It’s a group
of countries in
Europe that work
together.
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What does the artist
say about the Greek
economy?
In the real world…..
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Since tourism REALLY
helps local businesses,
could this be the reason
why….
Nashville, TN is spending
millions of dollars to build
a big convention center?
Cities all over the world
try VERY hard to host the
Olympic Games?
You see television
commercials advertising
for you to come to their
state, country, or city?
Greece’s economy today
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Shipping and tourism
have helped Greece’s
GDP (Gross Domestic
Product) but today,
Greece is still
struggling to pay its
deficit.
GDP is the value of
all the goods and
services produced in
a single year.