Assignment:
Prompt:
With this background in mind please choose ONE of the following questions to answer in your assignment this week. Your response should be 600 words long.
1) What are the two main difficulties that arise in comparing the GDP of different countries?
2) Identify some of the reasons GDP should not be considered an effective measure of the standard of living of a country.
3) Name and explain some of the reasons why wages are likely to be "sticky downward".
4) Is a decrease in the unemployment rate necessarily a good thing for the nation? Explain.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also include a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also Include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.