How does the figure arrived at in adding up the demand

Reference no: EM133582983

Question 1 - If you added together the value of all goods and services created or produced in one year in the economy, and included changes in inventory and structures would you have an accurate measure of GDP?

Question 2 - What is the equation for the demand side of GDP?

Question 3 - How does the figure arrived at in adding up the demand side components of GDP relate to the number arrived at by adding up all of the components of the supply side of GDP?

Question 4 - What is the pattern of GDP in the long term for a developed country like the U.S.?

Question 5 - In the short run what is a pattern of GDP growth. (:uviii: Hint: Think business cycle.)

Question 6 - What are the two main problems when comparing two countries' GDP numbers?

Question 7 - Is GDP a good measure for the general welfare or standard of living in a country? Explain why or why not?

Use the following link for the next questions: (Use the most recent Livingston Survey for your answers.)

Question 8 - What is, or describe the Livingston survey?

Question 9 - Using the most recent Livingston Survey, what is the general economic forecast?

Using the link on the website, open or download the most recent survey and answer the following questions: (The survey are published in June or December.)

Question 10 - What is the forecast for GDP?

Question 11- What is the unemployment forecast?

Question 12 - What is the inflation forecast? (Note: This may have two components, PPI and CPI. Please define what they both measure?) How have the "new" forecasts changed?

Question 13 - What is the forecast for the stock market? (S&P 500 Index) How have the "new" forecasts changed?

Question 14 - If you were considering investing in a business, how might the economic forecast affect your decision?

Reference no: EM133582983

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