Explain what GDP is and how is it measured. Evaluate the validity of using GDP as a measure of economic output. Assess the validity of using GDP as a measure of social progress. Which elements (e.g., education levels, carbon dioxide emissions, gender/racial inequality) does GDP not consider? Identify and describe two alternative (multidimensional) metrics … Read more
Gross Domestic Product (GDP) is the broadest measure of output for an economy. However, GDP does not perfectly measure well-being of a nation and its citizens’ welfare. Discuss what GDP is and what it measures? Discuss what the shortcomings (limitations) of GDP as a measure of well-being and welfare of a nation are?
IS AMERICA THE GREATEST COUNTRY IN THE WORLD? WHY OR WHY NOT? PLEASE WATCH THE SHORT VIDEO FROM THE LINK BELOW. DO YOU AGREE OR DISAGREE WITH THE INDIVIDUAL ARGUING WE ARE NOT THE GREATEST COUNTRY? PUT THIS IN THE CONTEXT OF TODAY’S ECONOMY AND SOCIETY. THIS COMES FROM NEWSROOM (HBO SITCOM) FROM YEARS PAST … Read more
#1: IDENTIFY (WHAT YOU CONSIDER TO BE) THE 10 MOST IMPORTANT ECONOMIC INDICATORS (LISTED ON MOODY’S ANALYTICS) THAT BEST EXPLAIN THE CURRENT STATE OF THE U.S. ECONOMY. DISCUSS EACH ONE OF THESE MEASURES, FOCUSING ON ITS IMPORTANCE, WHAT IT SAYS ABOUT THE CURRENT STATE, THE LATEST READING AND TREND, ETC. THIS QUESTION IS FOCUSING … Read more