ECO 205 Week 7 Discussion Questions

This archive file of ECO 205 Week 7 Discussion Questions includes:

DQ 1: Post your response to the following: What are the advantages and disadvantages of using the Gross Domestic Product (GDP) as a measure of productivity and economic health? Explain your answers. DQ 2: Post your response to the following: Discuss the relationship between the level of GDP and economic well-being. What factors of well-being are missing from the GDP? Is there a point where the GDP could increase to such a high level that economic well-being could be compromised? If so, describe some of the opportunity costs associated with maximizing the GDP.