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This discussion board is intended to show your understanding of Gross Domestic Product (GDP). In a narrative presentation, in your own words, please first explain what GDP is. Do not list a definition from your research.
Discussion 1: Explain why a large GDP is a good thing for the economy and society. Tell your audience what a large GDP should mean to an economy, a society.
Discussion 2: Then discuss the difference between real GDP and nominal GDP including which is used by economists to measure economic well-being and why.
Discussion 3: Give an example of something that would increase GDP but would be considered undesirable and explain why.
Will potassium phosphate be an aqueous solution or a solid product in the presence of water? Why?
The economy produces only one good, FatBit. The economy produced 5,000 units of FatBit during Year 1 and 7,000 units of FatBit in Year 2. The price of each unit of FatBit in Year 1 was $100 and it was $200 in Year 2. Suppose Year 1 is taken as the..
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How do you feel this will affect GDP and governmental expenditures once people start retiring and living off their savings from their 401 (k)?
Compute the trucks net book value at the end of its third year of use under each depreciation method.
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Illustrate what will be the actual dollar change in revenue and does it rise or fall.
Macro Economics - Firms & Markets - What is the earnings yield (inverse of the price-to-earnings ratio) in the domestic stock market
what would happen to the yield curve if investors were concerned about stability in foreign countries and rushed their money into the U.S to buy long-term treasury securities how would you expect the term premium to change
Why Has Employment Declined? After examining the information and views found in the above activities, what factors are contributing to the current unemployment rate and the current labor participation rate?
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