Author Question: What is the gross domestic product (GDP)? Discuss how it has changed in the United States in the ... (Read 22 times)

ENagel

  • Hero Member
  • *****
  • Posts: 540
What is the gross domestic product (GDP)? Discuss how it has changed in the United States in the last 50 years. Do you believe the GDP will continue on this trajectory? Why or why not?
 
  Answer:

Question 2

How do Democrats and Republicans differ in their views of the proper redistribution of wealth in the United States? How did those views play out in the 2012 election?
 
  Answer:



bookworm410

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

An ideal response will:
1. Define gross domestic product as the total output of all economic activity of a country, including goods and services.
2. Discuss the fact that, in the United States, the overall trajectory in GDP has been one of increased growth; for example, between 1960 and 2013, GDP grew more than 500 percent.
3. Support the belief that this trend will or will not continue using specific examples such as Daniel Bell's postindustrial argument.

Answer to Question 2

An ideal response will:
1. Explain that Democrats in general favor greater redistribution of wealth and that Republicans generally favor minimal government action regarding wealth redistribution.
2. Describe how these views materialized in both the rhetoric and policies of the parties in the campaign, with Democrats calling for increased taxes on the very rich and Republicans calling for a lowering of tax rates.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

For a complete list of videos, visit our video library