Opinion topic on effect of microeconomic topics.
Summarise opinion on topic, affect on you and economy, consequences: include graph for macroeconomics.
Must use 5 terms: Trade Surplus, Trade Deficit, Durable Goods, Nondurable Goods, Services, Structures, inventories, Final goods/services, intermediate
goods, double counting, GNP, NNP, Depreciation, national income, nominal value, real value, price index, recession, depression, peak, trough, upswing,
business cycle, exchange rate, GDP per capita, the standard of living, modern economic growth, rule of law, contractual rights, Human Capital, technological
change, invention, innovation, economies of scale, production function, aggregate production function, dollar value (output) per hour.
Sample Solution.
