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Economics questions

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Question;1.;GDP Data Analysis;Locate current data;for GDP for the U.S. (Go to the Bureau of Economic Analysis Web site. Click on;Interactive Data Tables, then National Income and Product Accounts, and then;Frequently Requested NIPA Tables to get to Table 1.1.1). What are the annual growth;rates for the U.S. economy over the last 5 ? 10 years? Has GDP been growing or;declining over this time-frame? Explain what factors might have caused GDP to;increase or decrease over this time-frame.;Next, what are the;quarterly growth rates (annualized) for the U.S. economy for the last six;quarters? What trends do you notice in these numbers? Does anything surprise;you? Comment on GDP growth for the different components of GDP (C, I, G, and;Xn) over this time frame?;Website::www.bea.gov;2. GDP and Economic;Well-being;Then read the;following four articles and answer these questions;Is GDP a good measure;of economic well-being? Why, why not? What are its limitations? What are some;factors that would lead to higher GDP in the U.S. but do not improve well-being?;Website Articles;The Economist;Measuring What Matters;http://www.economist.com/node/14447939?story_id=14447939;The Donella Meadows;Archive Why Should We Be Glad when the GNP Goes Up?;http://www.sustainabilityinstitute.org/dhm_archive/index.php?display_article=vn184gnped;The Donella Meadows;Archive Gross National Happiness Measures Quality Of Life;http://www.npr.org/templates/story/story.php?storyId=127586501;AMERICA 2.0: From;Private Greed to Public Service What's wrong with the GDP?;http://dieoff.org/page11.htm

 

Paper#57977 | Written in 18-Jul-2015

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