After reviewing the material in this unit, please post and respond to the following topics on the course discussion board. Feel free to start your own related posts and respond to other students' posts as well.
Identify the two basic approaches to measuring GDP. How do they differ? Explain why the amounts of the two approaches are unequal. What are the three major goals of macroeconomics? Explain which goal is the most important to you and/or someone you know. Why is GDP an inappropriate measure of well-being?