1 Jul 2009 Discussion

Today our conversation was about GDP and how we could help the economy throughout the world. Unfortunately since I’m the last to post, everyone pretty much covered everything. Although, I did learn new things. I didn’t know about GDP at the beginning of the morning and I do now. It is the measure of a nation’s total economic activity. To calculate GDP you need personal consumption, government expenditures, investment spending, net exports, and imports. The equation to calculate GDP is Consumption + Government Expenditures + Investment + Exports – Imports = GDP. Inflation can affect the GDP so much that you can not accurately figure the GDP.

We also talked about the stock market and how we can restore people’s trust. We talked about scams like the sham wow do not work but you will never know unless you try. And oxi-clean actually works and you wouldn’t know that either unless you tried it. People need to try out new products to help new companies grow and people also need to invest in new companies. There needs to be more risks. People are too conservative and need to risk a little bit. Now I’m not saying spend your every check on the stock market but maybe 100 or 200 dollars. That money can help companies out. And you can make money if that company grows.

We also decided that tomorrow we will talk about Inflation. Then on Friday we will talk about Unemployment and what can help or hurt it.