Why a large gdp is a good thing for the economy

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Reference no: EM132914400

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.

Reference no: EM132914400

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