economic indicators 1

Word document and APA format

Your task is to complete all assigned questions to the best of your ability.

  1. What does Gross Domestic Product (GDP) measure?
  2. What is the equation used to calculate Gross Domestic Product (GDP)?
  3. In two or more sentences describe the difference between Real Gross Domestic Product (GDP) and Nominal Gross Domestic Product?
  4. Identify at least three (3) factors that are omitted from our country Gross Domestic Product (GDP)?
  5. In one to two sentences, please define, the Human Development Index (HDI)?
  6. In one to two sentences, describe why Gross Domestic Product (GDP) is used as a key economic indicator?
  7. In two or more sentences describe what assumptions can be made about country’s that have a high Gross Domestic Product (GDP)?
  8. How is Gross Domestic Product (GDP) per capita calculated?
  9. If Real Gross Domestic Product (GDP) fall for two or more consecutive quarters, which phase of the business cycle would best describe our economy?
  10. In one to two sentences describe whether Real Gross Domestic Product (GDP) or Gross Domestic Product (GDP) is a better measure of our country’s well-being?

Grading Rubric:

Your project will be graded using the rubric below:

F

F

C

B

A

0

1

2

3

4

Did Not Submit

No Pass

Competence

Proficiency

Mastery

Failure to adequately state Gross Domestic Product both Real and Nominal. Failure to adequately state Human Development Index

Able to state what Gross Domestic Product both Real and Nominal. Failure to adequately state Human Development Index

Able to state what Gross Domestic Product both Real and Nominal. Can adequately state Human Development Index Also able to give examples of Gross Domestic Product both Real and Nominal, and adequately state Human Development Index

Able to state and articulate what Gross Domestic Product both Real and Nominal. Can adequately state Human Also able to give examples and articulate Gross Domestic Product both Real and Nominal, and adequately state Human Development Index

 
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