The text defines the DGP as a measurement of economic activity. Think about other things that might “help” the GP that are really not good for our society in general, such as the economic activity required to clean up oil spills or increases in consumer debt to buy more goods. In addition, there are other situations that might “hurt” the GDP by limiting expenditures on items but help the overall good of society, such as reusing plastic bags or installing solar water heaters (thus limiting spending on oil, gas, or electricity). Discuss if the definition of GDP needs to be revised.
Formatting of Writing Assignments
Cover Sheet: Required.
Margins: 1 inch all sides.
Font: Times New Roman; 10 or 12 font.
Spacing: Double-spaced; left-justified.
Indenting: First line of each paragraph 1 inch.
References: Minimum of two per assignment from academic sources. You may use the LIRN library for additional resources.
Size: Content pages may not exceed 3 double-spaced pages, excluding Reference page & Cover Sheet. Content pages > 3 will be disregarded.