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Assignment:
Prompt:
With this background in mind please choose ONE of the following questions to answer in your assignment this week. Your response should be 600 words long.
1) What are the two main difficulties that arise in comparing the GDP of different countries?
2) Identify some of the reasons GDP should not be considered an effective measure of the standard of living of a country.
3) Name and explain some of the reasons why wages are likely to be "sticky downward".
4) Is a decrease in the unemployment rate necessarily a good thing for the nation? Explain.
Formatting Requirements
1. Use APA format to cite and reference research information from the textbook and one other source.
2. The paper should be in APA format with 1" margins, double-spaced, and Times New Roman 12 pt. font. This also includes using a title page with a running head etc.
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