Web Activity 1

Log on to https://www.cia.gov/cia/publications/factbook/index. html and find the CIA's most recent estimate for GDP in North Korea . Based upon the information found at this site, answer these questions.

1. What is the value of North Korea's total output?
2. How much more "butter" could North Korea produce if it reduced the military share of its output from 14 percent to 6 percent?

Web Activity 2

Log on to http://www.bea.gov/index.htm Using the information you download, answer these questions.

1. Identify/describe latest estimates in
   1. Real GDP
   2. Personal Income
   3. International Trade in Goods and Services
   4. US International Transactions

Web Activity 3

What is your opportunity cost for attending college? First, estimate your annual college-related expenses, including tuition, books, and supplies, and room and board if applicable. Since the major opportunity cost for most college students is forgone earnings, you'll need to find the median annual earnings for your age group www.census.gov/hhes/www/income.html. Once you access this site, click on summary measure of income and find the median income for your age group. and add that figure to your estimated expenses to find your total opportunity cost for a year of college. Then, to reassure yourself that it's worth it, visit www.census.gov/ftp/pub/hhes/www/img/educate.gif.

Web Activity 4