1 Discuss the difference between real GDP and nominal GDP, which is used by economists to measure economic well-being and why. Why is a large GDP a good thing? Give an example of something that would raise GDP but would be considered undesirable and explain. 2 Visit the Bureau of Labor Statistics website. What is the national unemployment rate right now? Find the unemployment rate for the demographic group that best fits a description of you (for example, based on age, sex, and race) or choose a demographic group of interest. Is it higher or lower than the national average? Why do you think this is so? What other statistics could contribute to this relationship? Respond and engage with at least two of your classmates.