GDP is not a perfect measure for determining a society’s overall standard of living. What are the concerns or gaps from focusing on GDP?

Turn in a 3-4 page PowerPoint presentation:

How does higher GDP help the standard of living?
Why is higher GDP good for everyone?
GDP is not a perfect measure for determining a society’s overall standard of living. What are the concerns or gaps from focusing on GDP?

PART TWO:

Submit a 1 page PowerPoint that shows:

Monetary policy on one side and fiscal policy on the other
Brief one sentence definition for each
Who controls each?
List of levers they can use
Which is faster?

PART THREE:
Watch the video on balance of trade:

Balance of trade
https://www.viddler.com/embed/eb2acd58/?f=1&autoplay=0&player=simple&secret=93044999&loop=0&nologo=0&hd=0

Read the attached articles on how trade imbalance does or doesn’t impact us:

Deficit – Pros and Cons
https://www.investopedia.com/articles/investing/051515/pros-cons-trade-deficit.asp

Turn in a 3-5 slide PowerPoint presentation that shows:

what is the current US trade deficit
Based on the article you read, list one pro for keeping a trade deficit. Do a little research and find a fact or data point that supports that
List one con and share a data point or fact that supports it
In forming your own opinion, what data would you analyze or research would you do to decide?

PART FOUR:
Please watch the attached videos and turn in a one page PowerPoint entitled “Free Trade vs Protectionism”

– show positives for each on different sides of the pagecoz
– put your conclusion at the bottom

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