Section 1, Measuring the Size of the Economy, introduces Gross Domestic Product, which is the value of all final goods and services produced in a country in a given year. It is sometimes thought of as our nation's income. For your initial thread, your task is to:

1. Identify an example of an intermediate good and explain why it is an intermediate good and not a final good.
2. Explain the merits of GDP measure, and why we would expect to see a correlation between GDP and well-being.
3. Explain the shortfalls of analyzing GDP, by itself, to assess the state of the economy.