1) Which contributes more to GDPthe production of a pound of hamburger or the production of a pound of caviar? Why?

2) Why should policymakers care about GDP?

3) Which contributes more to GDPthe production of an economy car or the production of a luxury car? Why?

4) Why do economists use real GDP rather than nominal GDP to gauge economic well-being?

5) Why is it desirable for a country to have a large GDP? Give an example of something that would raise GDP and yet be undesirable.