ce: Compiled from various sou Index of Social Health i The Index of Social Health is a composite gauge the social well-being of the nation. Sir vseal bro "rators show the following pattern: GDP Mire "~de Background Essay Questions Lack Progress M 1. What are examples of things that are included when GDP is calculated? " noverty 2. What is the possible danger if a country's GDP expands too rapidly over time? ride nt EV . What is the danger if a country's GDP contracts over time? coy 4 . Name three adjustments that can be made to GDP to allow for better comparisons over time and between countries. 5. Define these terms: gross domestic product (GDP) business cycle expansion inflation contraction recession real GDP purchasing power parity (PPP) GDP per capita Timeline 1937 - Simon Kuznets presents his concept of GDP to the US Congress 1944 - GDP becomes a standard international measure for looking at a nation's economy 1968 - Robert F. Kennedy gives campaign speech criticizing GNP as measure of a country 1972 - King of Bhutan says he hopes to raise GNH (Gross National Happiness) rather than GDP 1999 -US Commerce Department calls GDP "one of the great inventions of the 20th Century" 2000 - US GDP tops $10 trillion for the first time 2014 - China becomes the world's largest GDP nation, passing the United States 2017-US GDP approaches $20 trillion 9 Teachers may photocopy this page for their own classrooms. @2017 The DBQ Project Digital reproduction and posting outside of DBQ Online is prohibited. Teachers may photocopy this page for their own classrooms. Digital reproduction and postina outside of DBQ Online is prohibited. 2017 The DBQ Project