Project #72170 - Economics

Read articles in the following links, in order to complete this assignment you need to read all 4 articles. Must answer all of the questions to receive full credit 3 Points per question @ 21 total points Define GDP. What is the GDP formula and list the components (textbook). Based on the article “Fooled by GDP” : Does GDP present an accurate measure for economic growth? What does author believe would better signify economic growth of a nation? GDP or living improvements? Do natural disasters contribute to an actual increase in economic growth or a higher GDP Other 3 articles: Do you believe that statistical calculations and numbers can be easily manipulated? Would you recommend that we look at the bigger picture, not just pure numbers? Write a brief analysis using your personal understanding of the subject matter and how would you improve GDP calculation or would you bypass using it all together? Summarize, compare and contrast to the information found in your textbook, articles, and classroom about GDP calculations. APA format. http://fee.org/freeman/detail/fooled-by-gdp http://fee.org/the_freeman/detail/gdp-economics-fat-or-muscle http://nypost.com/2014/12/05/even-the-labor-department-cant-explain-the-latest-job-report/ http://www.cnbc.com/id/102243878

Subject Business
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