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Respond to the following in a minimum of 175 words: GDP is a strong measure of the health of the economy, and it's among the

Respond to the following in a minimum of 175 words:

GDP is a strong measure of the health of the economy, and it's among the most important and widely reported economic data.

  • In your own words, summarize nominal GDP.
  • Discussthe limitations of gross domestic product (GDP) as a measurement tool.
  • What is the difference between real and nominal GDP?
  • Locate an online news article that discusses impacts to GDP in some way. Summarize the article and explain its relation to/impact on GDP.
  • Cite your sources.

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