Macroeconomics: Principles and Policy (MindTap Course List)
13th Edition
ISBN: 9781305280601
Author: William J. Baumol, Alan S. Blinder
Publisher: Cengage Learning
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Chapter 6, Problem 1DQ
To determine
The consequences of an earthquake on the potential
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Why do you suppose that U.S. GDP is so much higher today than 50 or 100 years ago?
What factors can lead to an increase in a
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By How Much Will U.S. GDP Grow Next Year?
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Macroeconomics: Principles and Policy (MindTap Course List)
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- This podcast is a little more straight history than the others we will listen, so there is less obvious discussion questions. But first, what about the history and evolution of GDP did you find most interesting or surprising in this Podcast. Here is the list of countries by GDP per capita and World Happiness Report rankings. Toward the end of the podcast they talk about how GDP has become a measure of quality of life, and maybe that is incorrect. Take a look at these rankings and decide for yourself if GDP is a good proxy for quality of life. What does GDP per capita leave out making it, perhaps, not a great proxy for quality of life. GDP per capita & WHR rankingsarrow_forwardWhat are some example possible reasons for a decline in the level of potential GDP?arrow_forwardWhat is GDP? What is real GDP ? What is per capita GDP ? Why is our GDP shrinking in the ongoing Corona Virus Crisis? What is a clear indication that the GDP will be decreasing?arrow_forward
- Is it possible for GDP to rise while at the same time per capita GDP is falling? Is it possible for GDP to fall while per capita GDP is rising?arrow_forwardWhen GDP increase ?arrow_forwardIf you read in the newspaper that the United States’ 2015 real GDP declined while nominal GDP for 2015 grew, how could you explain this?arrow_forward
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