1.  Define GDP (Gross Domestic Product).

2.  a)  What is the biggest cause of the reduction in U.S. manufacturing jobs, as explained by Walter Williams?
b)  Ask a parent if he/she is surprised by this information and to explain why or why not.

3.  Dr. Williams makes the case that the decline in manufacturing jobs in the U.S. is not a bad thing.  Do you think he makes a persuasive argument with his explanation?  Explain your answer.