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Real GDP in the US (in 2012 Dollars) was $15.6 trillion in 2007 and $18 trillion in 2017. The growth rate for Real GDP averaged 3.3% in the 15 years before 2007, but has only averaged 1.5% since then due to the effect of the Global Financial Crisis.
How much larger would Real GDP in the US be in 2017 if economic growth had continued at the same pace as before the crisis?
(Keep you answer in trillions of US dollars, round to two decimal places)
Write a literature review of a research topic. The paper should include a review of research located from electronic database searches.
List and explain three complications that arise in measurement of the pure union wage advantage for each determine whether the measured union wage advantage.
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Briefly describe the various definitions of the term development encountered in the text. What are the strengths and weaknesses of each approach?
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