Economics – 12/10/13
I. Bellwork: Q&A
Identify each as being included or not included in the GDP of the United States.
- A car built in Michigan and shipped to Brazil
- A car made by Ford in Mexico
- TV made in China
- Buying lunch at Fordson
- A Toyota made in Tennessee
- A partially completed house
- A freeway
II. Objective
- Examine and discuss the components of GDP and alternative measures of determining economic growth.
III. Chapter 9 & 10 Retake: Tomorrow after school
- Bring a paragraph per section (5) – 9.1, 9.2, 10.1, 10.2, 10.3
IV. 12-1 iLearn Quiz Today thru Thursday @ 11:30 pm
V. Discussion and Activity
VI. Notebook: Difference between GNP & GDP-
- Construct a Double Bubble illustrating the difference
VII. 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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