Discussion Post: GDP
This discussion board is intended to show your understanding of Gross Domestic Product (GDP). In a narrative presentation, in your own words, please first explain what GDP is. Do not list a definition from your research.
o Explain why a large GDP is a good thing for the economy and society. Tell your audience what a large GDP should mean to an economy, a society.
o Then discuss the difference between real GDP and nominal GDP including which is used by economists to measure economic well-being and why.
o Give an example of something that would increase GDP but would be considered undesirable and explain why.
The response should include a reference list. Using double-space, Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.