Taylor has a retirement account that pays 4% per year compounded monthly. every month for 20 years, taylor deposits $444, with the first deposit at the end of month 1. the day the last deposit is made, the interest rate increases to 6% per year compounded monthly. during retirement, taylor plans to make equal monthly withdrawals for 15 years, thus depleting the account. the first withdrawal occurs one month after the last deposit. how much can be withdrawn each month?

1) u.s. real gdp is substantially higher today than it was 60 years ago. what does this tell us, and what does it not tell us, about the well-being of u.s. residents? what are the limitations of the gdp as a measure of economic well-being? given the limitations, why is gdp usually regarded as the best single measure of a society’s economic well-being? 2) what is an intermediate good? how does an intermediate good differ from a final good? explain why it is the case that the value of intermediate goods produced and sold during the year is not included directly as part of gdp, but the value of intermediate goods produced and not sold is included directly as part of gdp.