Economics – 5/13/13

I.  Bellwork: Q&A

  1. Write the formula for GDP and identify what each letter represents.
  2. How are Net Exports determined?

II. Objective

  • Examine and discuss the components of GDP and alternative measures of determining economic growth.

III. Think about your Economics Poster Board Project due 5/23

IV. Chapter 9 & 10 Retake: Today after school

  • Bring a paragraph per section (4) – 9.1, 9.2, 10.1, 10.2

V. 12-1 iLearn Quiz Today thru Wednesday 3:30 pm

VI. Discussion and Activity

VII.  Notebook:   Difference between GNP & GDP-Double Bubble

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)

C.  Turn in Project Proposal

  • Name & Partner (if any)
  • Topic
  • Outline


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