Discussion Post: Measuring the Economy
o What does GDP attempt to measure?
o Briefly differentiate between nominal and real GDP. Why is real GDP a more accurate measure of economic growth compared to nominal GDP?
o What are two weaknesses of GDP?
o GDP can be expressed as the sum of four types of expenditure. Identify and briefly discuss each of these four types of expenditure.
The response must include a reference list. One-inch margins, double-space, Using Times New Roman 12 pnt font and APA style of writing and citations.