Question
1) What are the shortcomings of GDP?Identify and describe some additional tools for measuring economic development. 2) Describe the difference between the Income Approach and
1) What are the shortcomings of GDP?Identify and describe some additional tools for measuring economic development.
2) Describe the difference between the Income Approach and The Expenditures approach of calculating GDP.
4) Describe the difference between real and nominal GDP.
4) Using the MIT Trade Atlas select a country and report on its Net Exports, and GDP per capita.
; Net Exports = -$8.4B, GDP per capita $115K)Feel free to explore the different visualizations and ways you can organize the data.What is interesting, surprising, etc?
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Microeconomics
Authors: Roger A. Arnold
12th Edition
1285738306, 978-1285738307
