Discussion Post: Economics
• What does the level of a nation's GDP measure? What does the growth rate of GDP measure? Would you rather live in a nation with a high level of GDP and a low growth rate or in a nation with a low level of GDP and a high growth rate?
• In what way is a college degree a form of capital?
• Explain how higher saving leads to a higher standard of living. What might deter a policymaker from trying to raise the rate of saving?
• Why would removing a trade restriction, such as a tariff, lead to more rapid economic growth?
• How does the rate of population growth influence the level of GDP per person?
The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.