In some of the screen shots there has youtube videos that you need to watch to help get through the problems byt there like 3-5 min so not long.

https://www.youtube.com/watch?v=nSPCoufEUIw

GDP: Watch this Video and answer the questions below in 3-5 sentences each: https:[ [www.youtubecom [watch?v=nSPCoufEUIw 1. What does Gross Domestic Product (GDP) mean for a nation? : 2. What is another name for Gross Domestic Product (GDP)? 3. What items are included in the value of a country's GDP? : 4. How do economists calculate the value of a country's Per Capita GDP? 5. Which of these best reflects a country's GDP? Why? a. How income is distributed among citizens b. Satisfaction people get from leisure activities c. The value of housework people do in their homes d. Income created from production of goods and services 1' Why does the government need taxes? 2' What is one example of \"mandatory" spending? An example of \"discretionary" spending? 3' What is one benefit that you or someone you know receives as a result of government spending? @ Homer Simpson: An economic analysis ID Copy link Watch on IIYouTuIJe Do you feel that Homer represents the modern middle class? Why or why not? 1. Why do more developed countries have a higher GDP than underdeveloped countries? 2. Explain how a relatively small decrease in consumer spending can lead to a large recession. 3. Identify two actions the government can take to speed up a sluggish economy. Explain why these actions would increase GDP and decrease unemployment. G) Radiator Springs Current Spending Data (use this for the questions below): A. Spending on new bumper stickers 8. Amount spent on goods from foreign countries C. Spending on new police headquarters 3250' D. Spending on m. E. Dinoco builds new headlight factory 3500' Answer the foitowing questions using the current spending data for Radiator Springs shown above. 4. Fill in the component of GDP (Consumer Spending, Government Spending, etc) that is most likely associated with that type of spending from the chart above: A. B. 5. Calculate the total GDP for Radiator Springs. The following equation is used to calculate the GDP: GDP = C + l + G + (X - M) or GDP = consumer spending + investment + government spending + (exports - imports). : 6. Assume that the GDP (adjusted for inflation) for Radiator Springs last year was $900,000. ls Radiator Springs experiencing economic growth? Why or why not? 7. Assume that economists agree that the GDP of Radiator Springs, under normal conditions, should be $1 ,000,000. Give an example of a specific fiscal policy that the government could use to correct the economy? E The minimum wage: does it hurt workers? E5 Lconomist BE 4741 Copy link: 81 66 60 8947 (4X3 1X3 823 803 208 0 LATELY ON RECEIPT. SINBINOD WORLD asvald NAME D GROSS WAGES oslohat ine Does minimum wage TOTAL DEDUCTIONS NET WAGES Watch on Youtube e economy? Do you believe establishing a $15 per hour minimum wage will help or hurt workers? Why?Visit this interactive tool to see historical minimum wage amounts, and their corresponding values in 2018 dollars. Please note the video has slightly different amounts as it is more current. 1. Federal minimum wage first became law in 1938. Compare the inflation adjusted wage to the wage amount at that time. What is the dollar amount for each? 2. This interactive compares the unadjusted wage to the inflation adjusted wage from 1938 to 2015. What is "inflation adjusted wage" and why is it an important component of this interactive? 3. What was the federal minimum wage amount in 2015? 44_ Why is the top line of the graph so much more volatile than the bottom line? 5_ What occurs when you see a large drop in the top graph line? What economic activity is occurring? 6. Are there any negatives you can see from having a federal minimum wage? 7. What are the positive aspects of having a federal minimum wage