1               What is GDP and how is it measured?

2               Evaluate the validity of using GDP as a measure of economic output.

3               Explain how the consumer price index and GDP work together to measure price index change from year to year.

4               Assess the importance of the business cycle relating to the labor market and economic activity.

5               Select one formula for a key labor market indicator and give an example. Use the formula to explain how the labor market indicator measures labor force participation.

Be sure to include graphs, charts and other visuals in your presentation that will enhance your analysis. Include slide notes containing explanations and rationale.

Be sure to cite three to five relevant scholarly sources in support of your content. Use only scholarly sources found in the Library or those provided in Topic Materials.

This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.