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Carlos Cruz’s Price Elasticity Scenario.

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Carlos Cruz’s Price Elasticity Scenario.
Learning Team Assignment: Macroeconomic Research Paper

Purpose of Assignment

Students explain key macroeconomic concepts and relationships and apply them in the context of Puerto Rico.

Resources Required

University Library Ch. 6–8, & 10–11 in Economics

Grading Guide

|Content |Points Available|Your Score |Additional |
|60 Percent | |x/60 |Comments: |
| |60 | | |
|The paper performs the following functions. | | | |
| | | | |
|Provides insight via a peer-reviewed article into macroeconomic changes in Puerto| | | |
|Rico over time. | | | |
|Explains the concept of GDP. | | | |
|Compares measurement of GDP in Puerto Rico and in the United States. | | | |
|Contrasts nominal GDP and real GDP during the period described by the chosen | | | |
|article. | | | |
|Analyzes GDP growth, business cycles, economic forecasts, and their relation to | | | |
|the topic covered in the chosen article.

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