Unit 4 discussion

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Unit Four focuses on GDP and fiscal policy. Answer the following for this Discussion Question:

  1. Describe GNP.
  2. Explain the purpose, tools, and limitations of fiscal policy.
  3. Describe the trend of the U.S. debt and consequences.
  4. Explain fiscal imbalance.

Choose any one part of the Discussion Question (1,2,3 or 4) and give a real-life example/illustration.