With your new Economic/Finance degree, you have been named Economics Minister of the newly formed Republic of Baruch.
The Prime Minister has asked you, as a matter of urgency, to draw up National Accounts for this young Republic. And he has asked you to look into the possibility, feasibility and advisability of using a new and different methodology to more accurately measure the Republic?s GDP.
Using the article below as a starting point, write up your roughly one page report to the Prime Minister ? indicating your recommendation as regards the measurement of the Republic?s GDP.
https://www.bloomberg.com/news/articles/2016-08-21/inside-the-global-hunt-for-a-better-way-to-measure-the-economy
* Please do not use other resources.
* Please write up mainly your opinion not others’. Therefore, there should not be many quotations.
* This paper is for basic macroeconomics course. So please write up easily to understand with basic knowledge of macroeconomics.
* Please refer to additional helpful resources from my professor. Please just refer to the resources and do not use any quotation from them for the paper.
