ECO 372 Week 1 Complete
DQ
1. Using the Bureau of Labor Statistics, the Federal Reserve Bank of St. Louis,
or other reputable source, selects a key economic indicator that has not been
discussed by another student. Discuss how the indicator was created and its
current value. What does this key indicator say about the current economic
condition?
DQ
2. What is the difference between real and nominal GDP? Does GDP accurately
reflect the nation’s welfare? Why or why not? How can data on a country’s GDP
be used to make a political argument? In your opinion, how much does this
happen in the public arena? Please
explain your answer.
DQ
3. Identify economic factors that affect the real GDP, the unemployment rate,
the inflation rate, and a key interest rate. How do you predict the economy
will perform in the next two years given the current state of two of the
economic factors you identified? How might your organization be affected by these
changes?
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Week 1 Complete
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