An article in the Economist noted, The appeal of the GDP is that it offers, or seems to, a summary statistic of how well (or not) an economy is doing." (a) Describe how the GDP offer a summary statistic of how well (or not) a nation's economy is doing? Include one example to support your response. (b) Is it possible that the GDP is not an accurate account of a nation's economic health? Explain your answer and include one example and one macroeconomic reason to support your response. If you think the GDP is an accurate account of a nation's economic health, explain your response and include one example and one macroeconomic reason to support your response. (c) Of the four components of the GDP. explain which specific components of the GDP gives the best overall account of the U.S. economy. Include one example for each component you note. Include one macroeconomic reason to support your overall response to (c).

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