Economics – 5/11/11

I.  Bellwork:

Transparency 52  Q&A

II. Objective:

  • Identify ways in which a nation’s economic growth is measured.
  • Examine factors that contribute to income inequality and programs that have been implemented to reduce poverty

III.  Review for Test Tomorrow

IV. Chp 12 Review Questions

  1. What exactly is GDP and what does it include?
  2. What is not included in GDP?
  3. Identify the components of GDP and how it is computed?
  4. Know the 4 categories of things not included in GDP and provide examples for each.
  5. What are the limitations of GDP?
  6. What are the differences between GDP & GNP?
  7. Quantify wealth disparity in the U.S.
  8. List and explain the causes of Poverty
  9. List and explain Anti-Poverty Programs


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