Assignment:
Have you ever wondered how the health of the economy is determined without a thermometer? In this activity, you will select a country and explore the concepts of nominal and real GDP to measure the economic health of your country. As part of your research, you will also explore these key economic factors.
Key Economic Factors
• Gross domestic product (GDP)
• Unemployment
• Poverty rates
• Housing Starts
Key Economic Factors
• GDP per capita
• Inflation
• Human development index
• Standard & Poor's 500
Key Economic Factors
• Population
• Interest rates
• Retail sales
Locate a recent article (published within the last year) that includes values for the key economic factors. You can use the Hunt Library, newspapers, new stations, or other credible sources to locate an article. Analyze your selected country's economic well-being. Include the following in your discussion.
• Discuss how nominal and real GDP for your selected country are effected if there is a decrease in taxes and an increase in interest rates.
• Identify and discuss at least six economic indicators for your selected country.
• State the relationship between GDP, net domestic product (NDP), national income (NI), personal income (PI), and disposable income (DI).
Summarize your findings using at least 250 words and provide a minimum of one reference. Use current APA formatting to document your sources.
https://youtu.be/0k2-SzlDGko
Reflect on the issues discussed in the video(s) you viewed and post a thoughtful discussion addressing the following points:
• What is the speaker's point of view about the topic? Is the speaker biased?
• What ethical issues and ethical reasoning are argued?
• Do you think that environmental issues have moral and ethical implications? Why or why not?
• Do you agree with the speaker's point of view? Be specific and thorough. Express how and why you agree or disagree and discuss how ethics and values contribute to your opinion. Consider the theoretical concepts discussed in the course. Do not just state your viewpoint, rather provide relevant details to support your findings and/or position.