The writer is very fast, professional and responded to the review request fast also. Thank you.
What the GDP measures, if anything, has become quite the issue in the digital age. Consider this data:
In 2012, U.S. Real GDP was $15,345.63 billion and Real Per Capita GDP was $48,842 billion.
Five years later, at the end of 2017, U.S. Real GDP was $17,096.18 billion and Real Per Capita GDP was $52,446 billion. (All data was extracted May 20, 2018, from FRED https://fred.stlouisfed.org/.)
Read this blog, GDP: Falling Short, to help you answer this week’s discussion questions.
Reply to these questions in your response:
Respond to a classmate:
The Gross Domestic Product (GDP) measures the total value of final goods and services produced in the whole country. GDP has a great effect on the economy, knowing that when the GDP shows a significant growth, it allows firms to hire more workers and therefore produce more so that consumers spend more.
If we consider the GDP measurement, then we can presume that the US did not make a significant progress while the curve is still on the slow rise.
However, given the new facts and depending on many articles, many economists are considering changing the GDP for other methods, because of many reasons, but the one that stood out for me is the fact that GDP measures the bads as well as the goods! Meaning the GDP cannot be reliable to measure the welfare of the population.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more