Economic Politics of education ...!

Economic politics is a subject of:-

  Economic politics is a discipline that studies productivity and trade.

Economics is related to the politics of a country. This is: because the tax collection system, administrative system, budgetary system, etc. are determined by economic politics. Therefore, Economic Politics is the science of tax collection, administrative system,

budget allocation, gross domestic product, and wealth of a country.

One of the political systems is economic politics.

  Economic politics is measured by the economic development of a country. To understand the economic growth of a country: the state of market values,

productivity and gross domestic product (GDP: Gross Domestic Product), etc. needs to be edited. The most common methods used in the world to measure the economies of different countries are the GDP and per capita GDP methods. GDP is used to measure the growth of a country's gross domestic product (economic growth).

  Per capita GDP estimates the average income of a country's citizens(economic development). In short, GDP measures wealth, and Per capita GDP measures development. For example, if a country’s annual –year GDP has grown by three times(3%), it means that the country’s economic growth has increased by 3% over the previous year. Per capita GDP is calculated by dividing the total income of a country by the population of the country.

  This is calculated by the combined daily income of an individual in US dollars( $US). Thus, even if a country records a high GDP, the growth and decline of citizens’ income(Per capita GDP) depend on the population of the country. This reveals that a country with a high GDP may not always have a high GDP per capita. For example, according to the 2015 World Economic Forecast: Ethiopia’s GDP was US$61.54 billion($61.54USD).

  Kiribati recorded a GDP of 0.5 billion ($ 0.5 USD) in US dollars. Thus, the GDP of Ethiopia is many times larger than that of Kiribati. However, the population of Kiribati in 2015 was estimated at 113,4 This is 500,000,000/113,473= 4,406.33USD when calculated in per capita GDP. Thus, the per capita GDP calculation for Ethiopia is=486.27 USD. When we compare the income of the citizens of both countries:4406.33/486.27=9.06.This shows that the overall economic growth(development) of Kiribati is 9 times higher than that of Ethiopia.