Economics Growth and Current Events
- What is meant by real GDP versus nominal GDP? Why is real GDP growth important and what does it seek to accomplish?
- In what ways does real GDP growth impact employment? Why is full employment important?
- How does it relate to price stability? As it relates to GDP, what might be the cause of price inflation?
- What is the current real GDP growth number and how does it relate to previous years?
- What role does unemployment play in the economic growth equation?
- How can social factors such as immigration and discrimination affect economic growth?