Common Sense Economics 2015-2016

Supplemental readings:  Consumer Price Index and Measurement of Inflation (Links to an external site.); Gross Domestic Product (GDP): What Is It and How Is It Measured? (Links to an external site.); and What Is the Unemployment Rate and How Is It Measured? (Links to an external site.)

1. After completing Module 05, begin Module Supplement B by offering your first thoughts to one (1) of the questions in the next module.  No preparation is needed, and you automatically earn 2 points.
2. After completing Module Supplement B read through all replies in your assigned group and find one in which to reply.  Help a classmate build out his or her pre-learning thoughts.  Provide page references from Common Sense Economics (2010) and at least one reference to the supplemental readings.  Earn up to an additional 8 points.  Be professional and respectful at all times.
3. The questions follow. (Please copy and paste the question into your reply.  It makes grading easier; thanks!)

• Last names beginning with A-H: Real Gross Domestic Product (GDP) increased by 1% last year.  Is this good news for graduating seniors?  Explain.
• Last names beginning with I-Q: Suppose you read the following headline.  "Inflation Expected to Exceed 3% Next Year!”  What does this mean and why should you care? 
• Last names beginning with R-Z: Why should the unemployment rate matter to you?