How Far Will Your Dollar Go?. Module 2 Discussion

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After the reading the Issues & Applications in your etext: Interpreting Employment Data as the Gig Economy Grows and researching online how Social Security, Medicare, and unemployment insurance are more specifically funded, please answer the following questions:

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  1. Why might the U.S. government, which funds Social Security, Medicare, and unemployment insurance programs by taxing wages, desire to find a way to reduce self-employment and inhibit the growth of the gig economy?
  2. Do you see the growth of the gig economy as a positive or negative trend in the economy?  Explain.

 

 

Module 3 Discussion

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Compare the ranking of U.S. GDP (purchasing power parity) to that of other countries by visiting the CIA’s World Factbook.

After reading the article  U.S.A comes up a bit short in global Better Life Index and comparing the relative ranking of U.S. GDP to other countries, what is the link between wealth and well-being? Do governments have a responsibility to address well-being?

 

 

Module 4 Discussion

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After researching the latest consumer confidence estimates, in addition to the latest unemployment and inflation estimates, do you estimate good or bad times ahead for the U.S. economy in the next five to ten years?  You are being asked to consider economic growth (ie the growth of real GDP).  Please be specific in your analysis as to what aspects you believe most contribute to your positive or negative outlook.

The latest consumer confidence estimates can be found at https://www.conference-board.org/data/consumerconfidence.cfm and the latest unemployment and inflation data can be found at www.bls.gov under Latest Numbers.

Optional activity:  Play the Federal Reserve’s economic forecasting game! You can enter specific forecasts on various economic variables and compete nationwide at https://research.stlouisfed.org/useraccount/fredcast/

How Far Will Your Dollar Go?

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