Determine how will the growth in gdp change

Reference no: EM13239416

1.Revised estimates of U.S. GDP are usually released by the government at the end of the month. On 27, the BEA released its advance estimate of 3rd Quarter 2011 GDP (https://bea.gov/newsreleases/national/gdp/2011/pdf/gdp3q11_adv.pdf). Read the current news release. Discuss the recent changes in GDP and in the components of GDP.

2.Suppose GM reduces all of its existing workers from a 50 hour work week to a 40 hour work week but does not lay anyone off or hire anyone new. How will the unemployment rate change as a result? How will the growth in GDP change as a result?

Reference no: EM13239416

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