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Gross Domestic Product and Employment
1. Copy/paste any items from the following list that you think are included in GDP into the first column of the table below:
2. Next, identify whether each item falls into the category of Consumption, Investment, Government Expenditure, or Net Export by placing an "X" in the appropriate column.
Items included in GDP
Consumption
Investment
Government Expenditure
Net Export
3. Finally, describe in 100 words or less the condition of "full employment" and explain why, even under the conditions of full employment, there is still a percentage of the labor force who are not working.
Elucidate how do the GDP per capitals change after accounting for price indices.
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