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 the United States? Why is GDP often mentioned in business news and used as an important metric for the economy? Is this number accurate? What are the pros and cons of this measurement? Explain how real GDP is different and how it is calculated. Your initial response should be a minimum of 200 words. Graduate school students learn to assess the perspectives of several scholars. Support your response with at least one scholarly and credible resource. Use the APA: Citing Within Your Paper and the APA: Formatting Your References List resources from the UAGC Writing Center to appropriately cite and reference your sources.

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