Examine this graph from the FRED economic database, comparing real GDP in Texas to real (PPP-adjusted) GDP in France and Canada. The graph is very interesting but just in case you can't see it, it clearly shows that Texas has a GDP that is relatively close to the GDP of other developed nations. Indeed, if Texas were a nation, it would have the 10th largest GDP in the world. What does this tell us about the prospects for doing business in each of these places? What does this tell us about living life in each of these places? (Note: We're not looking for your opinion about whether Texas is or is not "better" than these places. You need to discuss what we can learn from GDP.)

FRED ~ - Real Gross Domestic Product: All Industry Total in Texas Real GDP at Constant National Prices for France Real GDP at Constant National Prices for Canada 3,000,000 2,800,000 2,600,000 2,400,000 2,200,000 2,000,000 Millions of Chained 2012 Dollars , Millions of 2017 1,800,000 1,600,000 4 1,400,000 U.S. Dollars 1,200,000 1,000,000 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 1960 1970 1980 1990 2000 Shaded areas indicate U.S. recessions, Sources: BEA; Univ of Gronigen; Univ of California, Davis fred.stlouisfed.org