Can ANYBODY please answer these simple ECONOMIC problems?

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-- Can ANYBODY please answer these simple ECONOMIC problems?

Posted by zabrak on Apr-03-2008 00:14:

Can ANYBODY please answer these simple ECONOMIC problems?

EDIT: Wait nevemrind people. Actually now all I need are reasons why the "GDP" could be problematic

Posted by Frenchie on Apr-03-2008 00:15:

We're not doing your homework for you.
/thread

Posted by leph555 on Apr-03-2008 00:15:

Posted by UmmiE on Apr-03-2008 00:16:

quote:
Originally posted by Frenchie
We're not doing your homework for you.
/thread

+1

I never did my homework for myself.

Posted by leph555 on Apr-03-2008 00:17:

we should have a TA Homework Help/Service Hotline!

Posted by zabrak on Apr-03-2008 00:22:

Help me...Please...

Posted by jpisani on Apr-03-2008 00:25:

Re: Can ANYBODY please answer these simple ECONOMIC problems?

quote:
Originally posted by zabrak

- "what would you add or subtract from the GDP"

Probably just subtract the "G", cause I'm all about the "DP".

Posted by UmmiE on Apr-03-2008 00:27:

Re: Re: Can ANYBODY please answer these simple ECONOMIC problems?

quote:
Originally posted by jpisani
Probably just the "G", cause I'm all about the "DP".

I'll take both.

Posted by Darkarbiter on Apr-03-2008 01:12:

quote:
Originally posted by leph555
we should have a TA sexual services hotline!

fixed

Posted by Krypton on Apr-03-2008 03:07:

Re: Can ANYBODY please answer these simple ECONOMIC problems?

quote:
Originally posted by zabrak
EDIT: Wait nevemrind people. Actually now all I need are reasons why the "GDP" could be problematic

Why GDP could be a problem? Your question is far too vague.

You are probably referring to a possible recession of the American economy. Well, if GDP (Gross Domestic Product) decreases for two consecutive quarters, we will officially be in a recession. Now is this a problem? For a consumer economy like the US it is. People lose jobs, investment decreases, corporate profits decrease, etc. BUT, one symptom of a recession if falling prices, which can be good especially when economic bubbles occur like the real estate bubble. There is definately a recession in the financial/housing sector of the economy. This has not spread to the overall economy, yet. That's why you have to watch for the GDP report for the first quarter 2008. 4th quarter 2007, GDP growth fell from the 4% range to just .6%. So if it is below 0% growth, beware of recession...

Posted by pkcRAISTLIN on Apr-03-2008 03:43:

i blame the fed. end fiat money. bring back the gold standard! nationalise the fed!

Posted by Lebezniatnikov on Apr-03-2008 03:55:

GDP is problematic because it doesn't take into account goods and services.

Posted by zabrak on Apr-03-2008 04:09:

okay thanks ALOT people. thank you very much