Problem 1: Why do you think that GDP does not grow at a steady rate, but rather speeds up and slows down? What caused the drop in 2020?
Problem 2: Why do you suppose that U.S. GDP is so much higher today than 50 or 100 years ago? Give at least two reasons why.
Problem 3: Why might per capita GDP be only an imperfect measure of a country's standard of living? (Hints: "Per capita" means the average for every person in the country. What is possibly not counted in GDP?)
Problem 4: How might you measure a "green" GDP? In other words, how would you account for climate change initiatives?
Problem 5: What role does geography and availability of natural resources play in GDP growth?