Gross Domestic Product

REFLECTIVE JOURNAL #6   Write a reflection based on one or more of the following concepts:  a.  gross domestic product (GDP) or any of the factors that influence these concepts (such as C, I, G, or E) – What have you read or heard in the news that mentions one or more of these concepts?  What do you know to be true?  How might they impact the coming election?  What is your reaction to these news items and the potential impact to you, your family and friends and/or the economy in general? Provide examples and be specific. b.  business cycles or any of the factors that influence these concepts (such as Recession due to too little spending or Inflation due to too much spending)- What have you read or heard in the news that mentions one or more of these concepts?  What do you know to be true?  How might they impact the coming election?  What is your reaction to these news items and the potential impact to you, your family and friends and/or the economy in general? Provide examples and be specific. c.  leading or coincident indicators or any of the factors that influence these concepts – What have you read or heard in the news that mentions one or more of these concepts?  How could you use this information to benefit yourself or your family?  How might they impact the coming election?  What is your reaction to these news items and the potential impact to you, your family and friends and/or the economy in general? Provide examples and be specific. d.  aggregate demand (AD) and/or aggregate supply (AS) or any of the factors that influence these concepts –  What have you read or heard in the news that mentions one or more of these concepts?  What do you know to be true?  How might they impact the coming election?  What is your reaction to these news items and the potential impact to you, your family and friends and/or the economy in general? Provide examples and be specific.

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