- Why is there unemployment even when the economy is at “full
employment”? What are some “costs of unemployment”? - Is the CPI a biased measure of the inflation rate? Explain your
answer. - Explain how some government tax revenue and spending can
depend on the state of the economy. - Explain some limitations of using GDP as an indicator of standard
of living (be sure to do some research on your own to find any
alternative measures).
