Topic 10: How to Boost My "GDP"

Productivity can be altered in order to achieve better results, through several factors: quality of labor, technology, energy costs, and financial markets. In terms of using productivity in school and with academics, the factors would be altered to better fit the description and needs of a school environment.
First, quality of labor would be changed to the efficiency and the quality of homework and studying we put in to our learning. The more efforts and better quality the work, the more likely that the knowledge was imparted into your brain. This then increases the product.
Second, technology can be adapted as tools of learning. This may include textbooks, the internet, or even human resources, such as teachers. The better the technology and our access to it, the more likely that we can learn more. For example, if a school was to be able to put in an online library for students, it would be more likely for students to get accurate information from credible sources.
Third, energy costs can be the costs in knowledge. Using the example above, online libraries would greatly reduce the costs, because students wouldn't have to buy books. If e-textbooks were more available, students and parents would be more willing to pay the lesser amount to have the same material, and thus, learn.
Lastly, financial markets refer to how the school or such learning systems works. If a school is able to run smoothly, this will greatly increase the efficiency of learning. For example, if a school didn't have a staff to be in charge of textbooks, most likely, the school would work really slowly, because teachers and other staff would have to deal with this problem. How well the school facilitates determines how well a student can learn.

Topic 9: Financial Markets

As a starter, I'd like to put money into pension accounts, to ensure that I would have money after I retire. I think Certificates of Deposit are the safest, risk less, and basically guaranteed-money investment. In the future, this is probably he type of investment I'd use regularly, as a means of safely and surely earning money. Also, I would have to be aware of the financial stance of the bank I was investing in, because I would not want it to default. Bonds would also be preferable, because the government is basically guaranteeing an insurance on such investments. However, these types of financial asset does not hold as much value as would be desired. As a result, I'd also rely on stock exchange as a means of investment. Seeing as I'd probably be majoring in political science in university, I'd have a pretty good knowledge about what is going on in the world, which could be a great advantage for me in terms of buying and selling stocks, and the best time for it.
In general, most of my money would go to the safer investments, to make sure I will get returns for them, but around 20 percent may go the stocks.

Topic 8: Money

For me, money is just a medium of exchange for me. Money is used as a medium of exchange and a store of value. I don’t have the capability of investing with it, nor can I actually earn it yet, but I do save it. Normally, I have my money in a bank account, instead of in cash. I get my money from my parents, who give it to me on a set allowance each year. Generally, I do not receive money other than from this source. For example, on the popular holiday of Chinese New Year, I do not get to keep the money, but instead, my parents save it to an account for it to be used during college. In a sense, that would also be for me, but not for me to use immediately. Money for me is important because I understand its value. I do not generally spend that much of it, except for necessary times like buying for my own supplies, or gifts for others. I set a specific amount of money that I can spend each month, and save up the rest. The money I extract each month does come in cash because it is more handy this way. I believe that I can live by less than I receive now, but obviously, I would want more. There may be times when I spend more than the monthly amount I allow myself to spend, but that is only for special occasions. I am willing to work for money, because I feel that that would only be fair. I would be willing to do work that is within my capacity, and maybe a little more. I would not be willing to do anything harmful to myself for money, because I believe that is not a good trade-off.