Discussion:
DQ1 - GDP in the U.S. economy
In general, if GDP increases, this is usually an indicator of economic expansion and increased business activity. If GDP decreases, this is usually an indicator of economic contraction and decreased business activity.
At present, is GDP increasing or decreasing in the United States economy? Why?
DQ 2 - More economic indicators: Inflation rates
1.What are some of the other effects of inflation on a national economy and on the people who live within that economy?
2.Also, how is inflation measured in the U.S. economy and in other national economies around the world?