Topic 10: How to Boost My "GDP"

Increasing one’s productivity would usually result in better grades and more free time. However this may not apply so to everyone. Some people may gain more knowledge through more studying, but still don’t know how to apply the concepts. Then there are people who can only increase productivity in a specific field of skill. The main factors that contribute to economic productivity include: the quality of the labor, technological innovations, energy costs, and financial markets. Only two from the list are mainly being applied to a human and how one is able to increase their productivity. The first one, quality of labor, this factor is how educated and healthy the workers are; the better educated and healthier the labor force is, the more productivity there will be. This is exactly how the productivity works for students as well, the more education one receives and the healthier mind and body of a student is, the overall productivity will be higher. The second one being energy costs. Energy costs is how much fuel and power are put into the labor force or technology to achieve higher productivity. The more energy a student puts into his/her work, the general thoughts would be that that student will become successful and productivity will end up higher. 

Topic 9: Financial Markets

The most attractive kind of financial assets to me are bonds and mutual funds. If I were to have the available money to invest with, I would invest it into bonds and mutual funds. Simply because bonds are the safest investment that will ever come around as it will never crash unlike the stock markets. The interest rates are average but it is always consistent and will never decline drastically. A person will always receive his or her money regardless of the economy. Moving on to mutual funds, although it may seem exactly the same as investing into stocks, it is not. Investing into stocks is doing it personally with no one else along with you. If you invest into stocks and you lose and you lose, only you lose and no one else will. The difference with investing in mutual funds is that the money invested goes to companies which also gather many other people’s money to be invested in stocks, bonds, short-term money-market instruments, other securities or assets, or some combination of these investments. Advantages of mutual funds include: having your investments handled by professionals and will be a lot safer than investing in socks by your self. Diversification is another benefit as this will really lower the risk of the investors because the company will spread the investments in a wide range of companies and industry sectors. 

Topic 8: Money

Money is a medium of exchange in the form of coins or issued banknotes that are able to buy the things needed in our lives. As of now the only source of income one can get is the money from birthday gifts or a few widely celebrated holidays such as Chinese New Year, the most popular week of giving out as well as receiving red envelopes of money from close friends and relatives. One can also receive money from monthly allowances, small part-time jobs, and the tiny interest rates banks give out for storing money in their bank. Money probably means everything to me excluding close family members or relatives. I believe by having money, one is able to buy oneself whatever the thing one needs. For example our everyday household furniture, kitchen utensils, transportations, foods, and so on are all able to be bought by money and are usually only done so. Having the amount for now is livable as a high school student doesn’t need millions of dollars to survive through life, students can even go on even with a lesser amount of money. I would be willing to do anything legal to receive money and nothing shady.