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Assess GDP's importance. Examine the shortcomings of GDP in measuring a country's economic health? Discuss using GDP to evaluate the business cycle. Examine factors that

  • Assess GDP's importance.
  • Examine the shortcomings of GDP in measuring a country's economic health?
  • Discuss using GDP to evaluate the business cycle.
  • Examine factors that may affect the business cycle.
  • Evaluate the health of the current U.S. economy by its GDP, business cycle, and economic growth.

There are five prompts and all the prompts should be answered by referring to the credible sources. https://www.oecd.org/social/beyond-gdp-9789264307292-en.htm

https://www.bea.gov/data/gdp/gross-domestic-product

https://sgp.fas.org/crs/misc/IF10411.pdf

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