Author Question: What is the gross domestic product (GDP)? Discuss how it has changed in the United States in the ... (Read 58 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?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

For a complete list of videos, visit our video library