17. Is Wikipedia counted in U.S. GDP? Why or why not?

18.When consumers switch from buying encyclopedias to using Wikipedia, what will happen to U.S. GDP? Is that an accurate measure of the economy's well being?

19.Recall from earlier lessons: What is the definition of consumer surplus?

20.How much would you have to be paid to give up Instagram? How about TikTok?

21.If Instagram gained 2 million more accounts this year, would it be reflected in GDP?

22.Name one other U.S.-produced good or service that you derive a lot of consumer surplus from but that good or service is not counted in U.S. GDP.

23.Given your answers above, what are some weaknesses of GDP as a measure of the economy's well-being?

24.The video compared GDP to a supermarket. How is GDP like a supermarket? How is it different from a supermarket?

25.Can you think of any other metrics that we could use to measure the health or well-being of an economy?