Economics – 5/10/12
I. Bellwork: Q&A
- What is the difference between GDP and GNP?
- How are Net Exports determined?
II. Objective:
- Identify ways in which a nation’s economic growth is measured.
III. Think about your Economics Poster Board Project due 5/18
IV. Extra credit-Budgets due on Friday 5/11/12
V. Chapter 9 & 10 Retake: Friday after school 2:30 in A205
- Bring a paragraph per section (6).
VI. 12-1 Quiz Tomorrow
VII. Discussion and Activity
- Real Gross Domestic Product
- GDP Hunter
- Difference between GNP & GDP
VIII. Classwork
A. Page 327 2-8 Q&A
B. Page 321 Identify specific examples of products not included in GDP
- Intermediate (3)
- Secondhand (2)
- Nonmarket (3)
- Underground (3)
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