Answer the questions using resources from this articl and tell me does gdp tell the right story using resources from this paper

GDP Mini-Q Document A Source: Paul A. Samuelson and William D. Nordhaus, Economics: An Introductory Analysis, 2010. Note: Paul Samuelson (1915-2009) was the first American to win the Nobel Prize in Economic Sciences. Said to be the most influential economist of the later 20th century, Samuelson served as an economic advisor to presidents John F. Kennedy and Lyndon B. Johnson. His book Economics is the best-selling economics textbook of all time. EV . Much like a satellite in space can survey the weather across an entire continent, so can the GDP give an overall picture of the state of the economy. It enables the President, Congress, and the Federal Reserve to judge whether the economy is contracting or expanding, whether the threatens. economy needs a boost or should be reined in a bit, and whether a severe recession or inflation . Without measures of economic aggregates like GDP, policymakers would be adrift in a sea of unorganized data. The GDP and related data are like beacons that help policymakers steer the economy toward the key economic objectives. Document Analysis 1. Why do the authors compare GDP to a satellite that surveys weather from space? 2 . Samuelson and Nordhaus say there is a possible connection between GDP and a recession. What is that connection? 3. Samuelson and Nordhaus say there is a possible connection between GDP and inflation. What is that connection? 4. What useful information does GDP provide for policymakers (i.e. president, Congress, Federal Reserve Bank)? 5. How does this document help answer the question, "Does GDP tell the right story?" 13 Teachers may photocopy this page for their own classrooms. Digital reproduction and posting outside of DBQ Online is prohibited. @ 2017 The DBQ Project