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Please help on second prompt. Article should be feom reputable news sources (no blogs). Need short answers for all the six questions asked IONS. Choose

Please help on second prompt. Article should be feom reputable news sources (no blogs). Need short answers for all the six questions asked

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IONS. Choose a current events news article from a reputable source that addresses one of the following prompts and answer the related questions: PROMPTS (CHOOSE ONE) 1. An article that discusses change GDP or GDP growth 1. Briefly summarize the article and how it is related to GDP. 2. Provide ONE of the FACTS presented in your article. 3. Name a way that you could verify the fact presented? 4. Given the economic arguments that we've gone over so far in the class as they relate to you article, explain the logic for the change in GDP. How would you expect this change to affect living standards? 5. Give an example based on the definition of GDP or measurement errors that might cause your assessment of living standards in D above to be understated or overstated. 6. Using a Production Possibility Frontier graph, plot the change in GDP that you noted in D above. 11. An article that discusses unemployment 1. Briefly summarize the article and how it is related to unemployment. 2. Provide ONE of the FACTS presented in your article. 3. Name a way that you could verify the fact presented? 4. Would you consider the unemployment discussed to be classified as frictional, cyclical, or structural unemployment? Why? 5. Plot your interpretation of what is happening in the labor market (a graph showing the supply and demand for labor). Is supply shifting? Is demand shifting? Take a screenshot of the graph and include it as part of your response. 6. Based on what you determined in E above, would you expect equilibrium wages to increase or decrease? Page 1 of 3

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