1. This part should start with a brief definition of the gross domestic product, strengths, and weaknesses of the GDP with respect to measuring economic activity and well-being(provide examples).

2. How did Covid and the Russia-Ukraine war affect the U.S. economy/U.S. GDP?

Sources: Use Oakton Library Statistahttps://researchguides.oakton.edu/c.php?g=1180506&p=8631419

AndAcademic Search Complete EBSCO

https://researchguides.oakton.edu/c.php?g=1180506&p=8631413

I encourage you to support your answer with personal experience and additional evidence from the following sources:

• Mises Institute
• Cato Institute
• Foundation for Economic Education

3. Can we trust BLS and Fred numbers? Refer to this publication:Invisible Data | Mises Institute You may consider recent trends, called "shrinkonomics". How does it affect GDP numbers?

4. Does an increase in spending stimulate economic growth? What is the source of growth?

• Why Doesn't Increase Demand Bring More Supply? | Mises WireGDP Tells
• Us Little about the Health of an Economy | Mises Institute

• Keynesian Economics Is Wrong: Economic Growth Causes Consumer Spending, Not the Other Way Around
• https://mises.org/wire/how-gdp-stats-create-illusion-fed-fueled-economic-growt
• They Told Us We Needed Lockdowns to Prevent Economic Collapse. They Were Wrong. | Mises Institu

5. Comment on this statement, "Though a rising GDP and falling unemployment make for great headlines, this is not the type of country anyone would want to live in."

Source:Invisible Data | Mises Institute

I encourage you to support your answer with personal experience and additional evidence from the following sources:

• Mises Institute
• Cato Institute
• Foundation for Economic Education

6. Pick an industry or type of business(agriculture, manufacturing, restaurants, etc). After reading about GDP, how do you believe the coronavirus and the war in Ukraine has affected the chosen business or industry in terms of production?

• Pfizer Will Earn Billions in Profits from the Vaccines. It Should Be Much, Much More. | Cato Institute
• Explaining the economic impact of COVID-19: Core industries and the Hispanic workforce
• The defense industry will profit from war in Ukrainewith your money | America Magazin

I encourage you to support your answer with personal experience and additional evidence from the following sources:

• Mises Institute
• Cato Institute
• Foundation for Economic Education

7. If you explore one question related to this topic in greater depth, what would it be?