US car companies seek $25bn aid

This BBC article describes how the US Governments is being asked to put money into the 3 largest car makers in the USA.

Level 1: Knowledge
1) Define the term GDP mentioned in the article. By how much does Mr Waggoner (GM chief executive) believe that GDP will fall if the car makers do not get the financial help they are asking for?

Level 2: Application
2) Explain why Mr Waggoner (GM chief executive) said that the $25 billion aid is needed because
"It's about saving the US economy from a catastrophic collapse," he said.

Level 3: Analysis
3) Examine the political forces for and against the US Car manufacturers in their request for $25 billion aid

Level 4: Evaluation
4) To what extent are the problems faced by US car makers of their own making

Note: This article contains useful information to answer these questions

Note: Level 1 – Level 4 are questions based on IB standards where

• Level 1: Knowledge
• Level 2: Application
• Level 3: Analysis
• Level 4: Evaluation

Words in bold (define, explain…) have a specific meaning in the IB Diploma Program (DP). The meanings are in Glossary of Command Terms Section of the IBO DP Business and Management Guide available at the OCC and from my website