Using the Ten Principles to Analyze a Challenging Economic Issue

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avpxura247

Economics

Description

Prepare a paper on this article/video in which you explain why you chose it (GDP). What made this issue important to you?

Then identify which of the (Ten Principles of Economics) this article relies on. Does this article/video reject any or all of the Ten Principles?

In your analysis of the article/video and the Ten Principles, be sure to rely on at least two high-quality professional or academic articles on the same issue.

This paper must include: (TOPIC is GROSS DOMESTIC PRODUCT "GDP) http://media.pearsoncmg.com/pls/products/coco/intr...

  • Your introduction, summary and understanding of the initial article/video
  • A short discussion of your research and conclusions you were able to draw from it.
  • An explanation of what you learned and how you will use this new understanding.
  • http://media.pearsoncmg.com/pls/products/coco/intr...

Write a two to three (2-3) page paper in which you:

  1. Write an introduction for your paper explaining what the topic is, why the topic in the article/video is important to you, and why you think others should try to understand it.
  2. Write at least one paragraph summarizing the key points made in the article/video.
  3. Identify and explain how Mankiw’s 10 Principles are foundational to the issues discussed in the article/video.
  4. Find two other high-quality professional or academic quality articles on the same topic. Identify what these articles contribute to understanding the topic or issue and whether they agree, do not agree, or somewhat agree/disagree with the initial article.
  5. Write a conclusion that explains what you learned about the topic and what conclusion you draw from your research on the topic.
  6. Use at least two (2) quality resources in this assignment.

Your assignment must follow these formatting requirements:

  • Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA formatting. Check with your professor for any additional instructions.
  • Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

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Explanation & Answer

Attached.

Outline

Introduction
Body
Conclusion
References


Running Head: GROSS DOMESTIC PRODUCT

Institutional Affiliation:
Student’s Name:
Course Code:
Date:

GROSS DOMESTIC PRODUCT

2
Introduction

The topic of the paper is the factors that influence GDP in the greatest ways. It is
evident that a myriad of factors may affect the GDP in differentiated ways. Thus, it is
impossible to understand all the factors that affect the GDP. Therefore, focusing on the
factors that affect the GDP in the greatest way provides a channel to help understand the most
significant factors related to the GDP. The topic is important as it helps to understand
effective ways of improving the GDP in an effective way. It is evident that the topic reveals
impactful ways of changing the GDP and informing economic development in a country.
The key points in the article
The article outlines the major components of the GDP. It notes that the enhancement
of the outlined components improves the GDP or the GNP of a country. The factors include
natural resources and infrastructure (Kumar, 2017). While it is possible to develop
infrastru...


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