Answer all

Answer each of the questions below that pertain to the seventh, eighth, and ninth content areas covered in the course. Submit your written answers, accurately numbered, through Canvas using a Word or PDF document. 1. If you add up all the transactions in an economy, do you arrive at Gross Domestic Product, Gross National Product, or something else? Explain your answer. 2. If the government increases transfer payments, what, if anything, will happen to national income? 3. Have the poor benefited more or less from economic growth than the rich? Why? 4. How can growth be undesirable? How can growth itself address this problem? 5. Identify two factors that cause the aggregate demand curve to shift. 6. Identify two factors that cause the short-run aggregate supply curve to shift