Graduate (S) Business Administration 503 FUNDAMENTALS OF BUSINESS ECONOMICS
	Summer 2010

National Economic Accounting Case Analysis

Read the case "National Economic Accounting: Past, Present, and Future," by David A. Moss and Sarah Brennan. Write a brief summary and analysis of the case, focusing on the following issues:

1.  One of the difficulties of gauging the true economic condition of a country is trying to impute the value of output where no transactions take place.  Discuss the situations where imputed values are used and those situations where they are not but should be used.

2.  How is the current approach to national income accounting a problem when dealing with the following issues?

a.  The discovery and depletion of natural resources

b.  Environmental quality and degradation

c.  The sustainability of economic growth into the future

3.  Summarize the four options given for reform.  Which is the best approach, in your opinion?  Why?

The summary and analysis should be roughly 2 - 5 typed, doubled spaced pages.  It is due at the beginning of class on Monday, June 21.