Gross domestic product (GDP)

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write 200–250 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.

For this Discussion Board, please complete the following:

Gross domestic product (GDP) is a measurement of how much people produce of goods and services. What this means is that when more people are working, GDP goes up. When people are not working, GDP goes down. The more goods and services that are being produced, the healthier the economy. There is more money available to purchase goods and services, and there are more goods and services available to purchase.

Watch the following video to review GDP:

What is GDP?
For this discussion, answer the following:

Share an example of when you or someone you know lost their job. What good or service did they produce? How did losing their job change the amount of goods or services that they produced?
Think about a business that closed. When a business closes, many people lose their paycheck. When you do not have a job, you spend less money. How does having less money to spend affect GDP?

Sample Solution

Gross domestic product (GDP)

Consumer spending is what households spend to fulfill everyday needs. This private consumption includes both goods and services. Every one of us is a consumer. The things we buy every day create the demand that keeps companies profitable and hiring new workers. Almost two-thirds of consumer spending is on services, like real estate and health care. Other services include financial services, such as banking. Consumer spending is the single most important driving forces of the U.S. economy. Even a small downturn in consumer spending damages the economy. As it drops off, economic growth slows. Price drop, creating deflation. If slow consumer spending continues, the economy contracts.

South Carolina. The Confederate states were known for their extraordinary military abilities under the standard Robert E. Lee, and the General which drove the Union to triumph. De-centralization frustrated the alliance’s capacity to arrange the conflict endeavors. Such state’s freedoms, A.) failure to raise assets through charges confederate states opposed tax collection B.) powerlessness to pass enrollment regulations, the confederate states battled all alone. The South needed adequate yield utilization farming and wasteful transportation framework. There was restricted railroad lines accessible the south had 9,500 miles versus 22,000 miles for the North.

The contention about the South was about the versatility. The South was not such presented to railroad tracks however much the North was. Since they didn’t have the portability like the North did they couldn’t move weapons, explosive, projectiles, warriors, or any guide like attendants or food. The South was running out of military personals, the South would not involve slaves for military purposes. The justification behind that was on the grounds that the South expected that the slaves would have defiance. General Grant and Sherman involved Richmond, Virginia this prompted General Lee giving up in Virginia on April 9, 1865 at the Appomattox Courthouse. The impressions of the common conflict, 1,000,000 fighter died. 600,000 losses on the alliance, and 400,000 in the association. The South lost one fourth of its male populace, it was an annihilation of the Southern economy and culture.

All in all, the Civil War will fill in as a learning ground for America. The states had capacity to withdrew. This was the bloodiest conflict on America’s dirt, it filled in as an image, of what activities man can do when the country isn’t joined together. The Civil War made numerous new regulations and changes, like the Fourteenth Amendment, which allowed all public brought into the world in the United States with citizenship and equivalent freedoms. Implying that no resident could be denied their public conceived privileges in view of shading, race, or religion. The Fifteenth Amendment which conceded all residents the option to cast a ballot. Nonetheless, in light of the fact that African Americans were allowed with equivalent privileges, that implies that they were dealt with similarly. Plessy v. Ferguson “separate yet equivalent regulation” blacks would be proceeding to be dealt with under a Caucasian citizenship. In different cases, a few cases that without a common conflict US nation may as yet be seeing blacks and other race individuals secon

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