Questions:
Question 1
A) What is productivity and how is it measured? Explain the factors necessary to raising productivity.
B) What is economic growth? Research and state the rates of economic growth for the U.S. economy in the years 2014, 2015, and 2016.
C) Say the Trump administration hires you to outline how the rate of economic growth could be increased by 1-2% a year. Provide a minimum of four recommendations.
Question 2
Create a tutorial that explains what the Production Possibilities Frontier is and what causes it to expand and what causes it to contract.
Question 3
A) What is Gross Domestic Product and what are its components?
B) Based on the text and any additional sources you select, what are the limitations of GDP as a measure?
C) What are some alternatives/additions to GDP as a measure of economic well-being?
Question 4
A) Explain what the Consumer Price Index is and how it is measured.
B) Based on the text and any other sources you select, discuss the limitations of the Consumer Price Index.