Yale University Macroeconomics GDP Inflation and Recession Q&As

I’m working on a macro economics multi-part question and need a sample draft to help me understand better.

Please be sure to answer each question with 3 complete paragraphs per question (paragraphs encompass 7 to 8 sentences at minimum) Follow all directions carefully! It is about your opinions and interpretation and application of the information! Good luck! Leave a work cited page.

1.) While GDP is very accurate in terms of representing and forecasting our economy’s performance, explain from your point of view and your understanding of the material we’ve reviewed, whether or not the limitations or shortcomings really impact the results. Additionally, should items like product quality be included or some interpretation of other items that are immeasurable at this moment such as mentioned in Chapter 27’s Last Word. Again, your opinion and reflections are the most significant. If you quote any article or work in the book, please be sure to use appropriate citations.

2.) In your opinion and with any supporting information that you wish to cite, can we have Inflation and Recession occurring at the same time? Be specific in your reasoning while using examples! This is considered to be a why or why not with supporting information type of question but also encompasses your opinion!! You may wish to use any other articles to cite but do not forget to include any links!