What is measured and, just as importantly, what is not measured in the GDP? What has GDP been for the last three quarters in the United States? Why is GDP often mentioned in business news and used as an important metric for the economy?
Prior to beginning work on this discussion forum, Review Chapter 7 of Macroeconomics: Private and Public Choice In your post, define GDP in your own words. Additionally, address the following questions: What is measured and, just as importantly, what is not measured in the GDP? What has GDP been for the last three quarters in … Read more