https://ethical.net/politics/gdp-alternatives-7-ways-to-measure-countries-wealth/ 5. I want you to pick one of the several alternative measures discussed in that article and write me a paragraph of at least 4 sentences explaining why you chose that measure, what improvements and problems it might have over our GDP statistic, etc. Please don't just summarize her pros and cons; think for yourself 6. Given all the pros and cons we've discussed concerning GDP, do you think GDP Is a good measure of economic well-being?" Explain why or why not.

Here is another MRU.org video on economic growth. Watch it and then provide answers to question 11 and 12.

https://mru.org/courses/principles-economics-macroeconomics/wealth-of-nations- economic-growth

7. . In the first third of the video, Alex Tabarrok discusses the importance of incentives. Describe the historical example of China he uses to illustrate the importance of incentives. Your description should also explain why incentives are important.

8. In the second third of the video, Tabarrok discusses 5 institutions which allow economies to grow and prosper. Pick one of these and explain why you think it is important to promoting economic growth. 9. In the final 3rd of the video, Tabarrok discusses 'perhaps the most important question in development economics,' Why do some countries have these key institutions and others do not. He then discusses 5 reasons as they apply to the United States. Pick one and explain why you think that factor was key in helping the United States become one of the world's prosperous economies.

10. Reading my comments. Some students are still not aware that I provide extensive comments when I return your assignments. So I want to make sure you are aware of them. Go into any previous assignment I have returned and copy a comment I made on your assignment that you liked. Paste it in the space below. This is worth a full letter grade on this assignment. I don't mean the short message in Canvas that says "Attached find your 3rd assignment, which I score 43/50," I mean an actual comment I left on the Word document I returned. If you have never seen these, go into one of the old assignment folders and to find the document I have returned to you. Open it, and find a comment to paste here. Tell me why you chose that comment.

https://www.stitcher.com/show/the-ezra-klein-show-2/episode/tyler-cowen-on-the-great- stagnations-end-86695653

1. From the start of the podcast to about 9:00 min, they talk about economic growth and GDP. 2. 9:00-14:00. They discuss the importance of long-run growth. Discuss Cowen's view of how we should care for the future and Einstein's theory of time. 3. 14:00 to 21:30 They discuss the tension between more growth and more inequality, and the social welfare state, universal preschool, and the importance of promoting two-parent families. 4. 21:30-30:00 they discuss different ways conservatives and progressives are limiting long-run growth. 5. 31:30-46:30, they discuss how technological innovation is now increasing, talking about the internet, artificial intelligence, green energy, biomedical tech, 4th generation nuclear power, virtual reality, and crypto-currency. 6. 46:30-54:30 they discuss Chinese oppression, the future of democracy, the promise of India, and future dystopias and how we might end civilization. 7. 54:30-70:00 They discuss problems with right-wing and left-wing economic thinking, polarization and our democracy, and how similar Biden and Trump policies have been. 8. 70:45 to the end they discus how you can take advantage of ideas including the ones you disagree with. Cowen gives a lot of advice here about how to develop your thinking, how to travel smarter, how to learn to like classical music, and what country is the best to travel to right now.