I need help with answering these four questions - why is  a large GDP is a good thing for the economy and sosociety -  what a large GDP should mean to an economy, a society.   -Give an example of something that would increase GDP but would be considered undesirable and explain why.   -Lastly, please explain the difference between real GDP and nominal GDP including which is used by economists to measure economic well-being and why they use it.   Footnote everything

Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter5: Measuring A Nation's Income
Section: Chapter Questions
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I need help with answering these four questions

- why is  a large GDP is a good thing for the economy and sosociety


-  what a large GDP should mean to an economy, a society.  


-Give an example of something that would increase GDP but would be considered undesirable and explain why.  


-Lastly, please explain the difference between real GDP and nominal GDP including which is used by economists to measure economic well-being and why they use it.  

Footnote everything

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