Economics – 5/22/13

I. Bellwork

II. Objective:

Students will apply concepts and principles relating to the three major macroeconomic goals throughout their assessment.

III. Poster Board Project Due Tomorrow

IV. Classwork Q&A (See chart below)

Country	Unemployment Rate	% of Average Wage Received in Unemployment Benefits	Length of Time Benefits Are Paid
U.S.	4.6%	48%	6 months
Japan	4.2%	51%	1 year
France	9.7%	58%	2 years
Germany	10.4%	36%	5 years
Source: The World Factbook, 2007.

Which country had the highest unemployment benefits in 2007?
Which country had the lowest unemployment benefits in 2007?
Which country pays unemployment benefits for the shortest amount of time?
Do you believe it is better to pay a large unemployment benefit or a smaller unemployment benefit to the unemployed? Explain why.
How long do you believe someone should receive unemployment benefits? Explain your answer.

6. Which of the two measures listed below do you believe is the best for determining unemployment. Explain why.