GDP SM

This discussion board is intended to show your understanding of Gross Domestic Product (GDP). In a narrative presentation, in your own words, please first explain what GDP is. Do not list a definition from your research.

Explain why a large GDP is a good thing for the economy and society. Tell your audience what a large GDP should mean to an economy, a society.

Then discuss the difference between real GDP and nominal GDP including which is used by economists to measure economic well-being and why.  

Give an example of something that would increase GDP but would be considered undesirable and explain why.

Remember, this is a presentation. You are not answering a list of questions. Please be sure to open with a brief introduction to the topic using professional/academic writing style. Footnote your research.

use footnotes and references