Original Post: Address all the elements of the assignment in complete sentences that are proofed for capitalization, usage, punctuation, and spelling (CUPS). It is a good idea to construct your answer using Word and then copy and paste it into myLearning. There is no word requirement. Note that rambling will not be positively rewarded. Feel free to bring in additional references to these posts.
Reply Post: Try to point out economic ideas/concepts that could have been used to strengthen your classmate’s analysis or may not have been used clearly or correctly. Just saying you agree, or disagree, or like the points made, or didn’t think of that, will not earn you many points. Remember that your classmate has already read your answer, so don’t repeat your answer as a reply. Write in complete sentences that are proofed for CUPS. Again, you should compose in Word and then copy and past your Reply in myLearning. There is no word requirement. Note that rambling will not be positively rewarded. Feel free to bring in additional references to these posts.
Gross Domestic Product was designed as a measure of economic activity, specifically a measure of national production. Despite this intent, GDP is widely interpreted as a measure of economic welfare or standard of living (when measured in per capita terms).
What is the single biggest shortcoming of using GDP as a measure of economic welfare? Explain fully. Try to use a source to support your opinion.
Given this shortcoming, what would you like to add to (or subtract from) GDP to make it a better reflection of how well people are doing in a nation? Explain fully. Try to use a source to support your opinion.
Find a non-textbook-like source (a news article, opinion piece, or research article) that supports one of your answers above.
Provide a summary in your own words of this source
Provide an active link (written as an APA citation) to this source at the end of your response.
Don’t limit yourself to ideas from the module. Always strive to be detailed, specific, and clear in your writing. Assume your audience is a high school economics student.
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