Sunday, September 25, 2016

What is GDP?

Click on the title and go to the Principles of Macroeconomics website. Watch the first 4 videos, all about GDP. You will become an expert on GDP. Post a question from one of the videos, come up with your own question, don't just copy one from the practice quizzes. In your post, start by listing the GDP of another country, give your answer to someone else's question, and then write your own question. Example:
Country - USA GDP $16.77 Trillion
Johnny's Question - What is GDP?
My answer - The market value of all  final goods and services produced in a country in a given year.
My question - What is an intermediate good?
(ps you don't need a visual for your answer)

Take it from there: