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1. If Mexico were a person, what would it do?

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1. If Mexico were a person, what would it do?

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It would probably be an office worker in a big company. It is not the richest country, but it is not a poor country and has a stable economy.

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2. Is Mexico a rich country? Is there wealth in our country? What can we do if we want to be a very rich country with a high development?

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2. Is Mexico a rich country? Is there wealth in our country? What can we do if we want to be a very rich country with a high development?

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México is a rich country according to its GDP. However, when compared to bigger countries, such as the USA, it is incredibly small. Mexico has great amounts of land and weather to invest in production of fruits and vegetables. In order to become a more developed country, it should probably invest in Mexican companies to trade in international markets.

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3. What is Mexico's GDP today? Find the amount at the end of the year 2020. It does not matter if it is in pesos or dollars.

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3. What is Mexico's GDP today? Find the amount at the end of the year 2020. It does not matter if it is in pesos or dollars.

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Mexico’s GDP amounted to approximately 1.076 trillion dollars.

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4. What was Mexico´s GNP in the same period?

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4. What was Mexico´s GNP in the same period?

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Mexico’s GNP amounted to 1,093.62 billion dollars.

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5. Which is bigger? The GDP or the GNP of Mexico? Why do you think this is so? Justify your answer. 

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5. Which is bigger? The GDP or the GNP of Mexico? Why do you think this is so? Justify your answer. 

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The GDP is bigger because in Mexico there are more foreign investors than nationals ones. Mexico consolidated itself as one of the 10 countries in the world and the first in Latin America that has more foreign direct investment, because of this its GDP is bigger than the GNP.

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6. What are the main productive sectors that make up the GDP in Mexico? For example: oil, goods and services, commerce, tourism, etc.

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6. What are the main productive sectors that make up the GDP in Mexico? For example: oil, goods and services, commerce, tourism, etc.

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Agriculture 3.89%

Services 59.97%

Industry 29.63%

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What is the GDP of the USA? 21500.00 USD Billion

What is your GNP?  USD 5,744.203 billion in Jun 2021

Are they greater or less than in our country? it is greater than in Mexico.

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8. If Mexico could grow its GDP to the same amount as the USA, would it be beneficial for the country?  

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8. If Mexico could grow its GDP to the same amount as the USA, would it be beneficial for the country?  

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it would be beneficial for the country since the gross domestic product measures the wealth that a country generates, and in that order of ideas having a growth like that of the United States would indicate that Mexico is generating more wealth.

What do you think would happen?
According to the economic, social, and wealth distribution policies currently being carried out by the federal government, the economic growth or the growth of the gross domestic product of Mexico can't be comparable to that of the United States. If it were to happen, it would open up a greater distribution of wealth, an improvement in the venues and public services, and consequently an increase in the quality of life of Mexicans.

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The world bank. (2020). GDP (current US$) - Mexico | Data. worldbank.org. Retrieved from https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?locations=MX

Trading Economics. (2021). United States GDP. Retrieved from https://tradingeconomics.com/united-states/gdp

CEIC. (2021). United States Gross National Product (GNP). Retrieved from https://www.ceicdata.com/en/indicator/united-states/gross-national-product#:~:text=United%20States%20Gross%20National%20Product%20(GNP)%20was%20reported%20at%205%2C744.203,USD%20bn%20for%20Mar%202021.