Question

Complete a draft essay for each of the applications. Please answer only one Option per application

APPLICATION 1 – Gross Domestic Product:

Prior to completing the application, students will need to review Chapter 5 and 6 to best prepare for the applications.

OPTION 1: USING VALUE ADDED TO MEASURE THE TRUE SIZE OF WALMART

Option 2: The Links Between Self-Reported Happiness and GDP

APPLICATION 2: Unemployment and Inflation:

Prior to completing the application, it is highly recommended that students review Chapters 5 and 6 to gain a solid foundation.

Option 1: DECLINING LABOR FORCE PARTICIPATION

option 2: More Disability, Less Unemployment?

option 3: THE INTRODUCTION OF CELL PHONES AND THE BIAS IN THE CPI

APPLICATION 3: Macroeconomic Policy

Prior to completing the application, students will need to review Chapter 17 – Macroeconomic Policy Debates.

Option 1: CREATING THE U.S. FEDERAL FISCAL SYSTEM THROUGH DEBT POLICY

option 2: WOULD A POLICY RULE HAVE PREVENTED THE HOUSING BOOM?

option 3: IS A VAT IN OUR FUTURE?

Answer 1