Problem
1. What is the most important component (C, I, G, or NX) of GDP? Give an example of each component.
2. Is a larger GDP always better than a smaller GDP? Explain your answer with an example.
3. If Max receives an unemployment check, would we include that transfer payment from the government in this year's GDP? Why or why not?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.