||D M L ILUL e ese essays up. (A). GDP is defined as the market value of all final goods and services produced within a country in a given period of time. In spite of this definition, some production is left out of GDP. Explain what GDP includes and why some goods and services are not included and give two examples of goods and services included and left out What does GDP tell us about the well-being of residents and a country? What is the difference between nominal and real GDP? (B) What are the benefits of the CPI index in today's economy and give an example of how it is used. What does the CPI measure? What is one problem with the CPI as a measure of the cost of living? What is the importance of the PPI to our economy? Provide and discuss one example of the importance of the PPI. (C). Unemployment: This rate has been disused and currently in the news. Discuss the role and importance that unemployment plays in our economy. How do you feel about the way it is calculated and represented? Do you agree or not and why?