Measuring the Economy’s Performance

Measuring the Economy’s Performance

Order Details

Prepare a analysis by answering the questions below. Be sure to cite
your references using APA format.

For this assignment, you should use the information in the textbook
and the information found on the official government website:
www.bea.gov/index.htm

Based on the information contained in the textbook and on the Web site
above, answer the following questions:

1) What does gross domestic product (GDP) tell us? How did GDP change
from 2008? What caused these changes? What is real GDP? What was real
GDP in 2008 and has it changed since 2008?

2)What was national income (NI) for 2008? What does national income
tell us? What is the difference between GDP and NI? How has NI changed
since 2008? What caused these changes?

3)What was disposable income (DI) for 2009? What does disposable
income consist of? How did DI change from 2008? What caused these
changes?

4)Does GDP measure the well-being of society? Why or why not?

5)What was GDP in 2008 (sometimes called GSP) for your state? How does
your state rate when compared to other states?

All submissions must be original and all resources must be acknowledged.

 

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