Is a larger gdp always better than a smaller gdp

Reference no: EM131298867

1. What is the most important component (C, I, G, or NX) of GDP? Give an example of each component.

2. Is a larger GDP always better than a smaller GDP? Explain your answer with an example.

3. If Max receives an unemployment check, would we include that transfer payment from the government in this year's GDP? Why or why not?

Reference no: EM131298867

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