What differences or similarities do you see between your posting and other classmates’ postings?

Responses to Other Students: Respond to at least 2 of your fellow classmates with at least a 50100-word reply about their Primary Response regarding items you found to be compelling and enlightening. To help you with your discussion, please consider the following question:
What differences or similarities do you see between your posting and other classmates’ postings?
Farrah Jones
Hello Class,
The most compelling thing that I will take away from this class is the GDP and how it affects the entire world. I wrote about the strength associated with GDP and it help keeps track of the number of goods and services within the country and outside the country. I learned that the GDP is made up of 4 parts: Consumption, Investment, Government, and net exports; C+G+I+Nx=GDP. This helps countries to stacks their economy against others in the world to determine if it is going at a comparable rate. If the GDP rises then so do the standard of living for everyone that is a citizen of the country. DP can be expressed in two different waysnominal GDP and real GDP. Nominal GDP takes current market prices into account without factoring in inflation or deflation. When the GDP is up when I go to the store to shop and prices are high when they should be decent prices. When this happens, I shop around at different stores.
This course has differently given me great information that I will take with me. I have learned a lot and will learn even more. This was a stepping stone and am grateful that I had a great Instructor.
Farrah
Reginald Bush
Macroeconomics has taught me stuff that has never crossed my mind. Gross Domestic Product(GDP) is important to know it shows and tells about inflation and recession also depression in the world. Taxes from the fed and why they tax, it keeps money flowing into the economy, whenever there’s a recession via inflation. Whenever there’s a recession the wealthy doesn’t have to worry about inflation they save that’s with the saying the rich get richer. This class has taught me about what go on with my money behind the scenes. To me even though it’s inflation right now the economy is doing fairly well with the banks, meaning borrowing and paying back, this is a smart idea to keep money in the economy. This is giving me knowledge to take with me in my career which is Associates in Science of Business Administration. The economy has came from lots of recessions and inflations but now is the worst one in 2021. They’re doing the best to get the economy rolling again, knowingly they spent lots of money for vaccinations and unemployment also stimulus. It has helped somewhat but unemployment was at it’s worst last year and has recently gotten a little better.

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