GDP

    In a narrative presentation, in your own words, start with an introduction that tells why GDP is an economic indicator and why we need to use it as a measure of the health of an economy.  Do not list a definition from your research. Do not list bullet points. Footnote your research.   

    Then in a separate paragraph explain why a large GDP is a good thing for the economy and society. Tell your audience what a large GDP should mean to an economy, a society.   

    Give an example of something that would increase GDP but would be considered undesirable and explain why.   

    Lastly, please explain the difference between real GDP and nominal GDP including which is used by economists to measure economic well-being and why they use it.