AB 204 Week 4 Discussion | Assignment Help | Kaplan University
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- 21 Aug 2018
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AB 204 Week 4 Discussion | Assignment Help | Kaplan University
Unit 4 Discussion Topic 1
National Income Determination (GDP)
The Discussion topics focus on how a nation’s
income is measured using the Gross Domestic Product (GDP), and the specific
areas of discussion include the various components of the GDP, the difference
between nominal and real GDP, GDP and business cycles, and the limitations of
the GDP in measuring economic welfare.
Read Chapter 10, and remember to include references
and links to the websites that you feel are important contributors to your
posts (comments).
Economists use Gross Domestic Product (GDP) to
measure the economic activity and the national income.
1.
What are the major components of the USA GDP?
Explain the contribution of each component to the GDP with data.
2. What is the difference between real Gross Domestic
Product (GDP) and nominal GDP? What is the relationship between the real GDP
and the business cycle?
USA 
India
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