Assess the health of your economy. Among other items you believe it important to address, make...

  

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Assess the health of your economy. Among other items you believe it important to address, make sure to address each of the following: 1. What has been happening with the value of produced goods in your economy? Has there been any change to standards of living? What evidence is there to back up this answer? • Are different metrics telling different or the same stories? 1. What's been happening in labor markets in this economy? What do the various labor market metrics tell you? •What problems exist in measuring labor market activity? • Does your economy's labor market activity contradict or support anything from question 1? 1. What price level trends are you seeing in this economy? Though this is fictional data, is there anything in your other metrics which indicate why these trends are occuring? A Does anything in this data series support, contradict or change any of your other responses? Your answer should be a few paragraphs long. Make sure to include the relevant data from your fictional economy. Assess the health of your economy. Among other items you believe it important to address, make sure to address each of the following: 1. What has been happening with the value of produced goods in your economy? Has there been any change to standards of living? What evidence is there to back up this answer? • Are different metrics telling different or the same stories? 1. What's been happening in labor markets in this economy? What do the various labor market metrics tell you? •What problems exist in measuring labor market activity? • Does your economy's labor market activity contradict or support anything from question 1? 1. What price level trends are you seeing in this economy? Though this is fictional data, is there anything in your other metrics which indicate why these trends are occuring? A Does anything in this data series support, contradict or change any of your other responses? Your answer should be a few paragraphs long. Make sure to include the relevant data from your fictional economy.

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1 Produced Goods and Standards of Living The value of produced goods in our economy has been steadily increasing over the past few years This can be a... View the full answer