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Reflect on the following questions: 1. Does GDP an accurate measure of economic health? 2. What do these declines mean for a recovery for the
Reflect on the following questions:
1. Does GDP an accurate measure of economic health?
2. What do these declines mean for a recovery for the country?
3. Do the numbers concerning consumer spending, saving and income align with your experience during the pandemic?
4. How can this data on economic growth be used to make a case for or against additional fiscal stimulus?
5. Can you identify the impact of economic costs and the shut down decision in this data (look at the actual breakdown of spending)?
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