Economics – 5/16/14

I.  Bellwork: Q&A

Identify each as being included or not included in the GDP of the United States.

  1. A car built in Michigan and shipped to Brazil
  2. A car made by Ford in Mexico
  3. TV made in China
  4. Buying lunch at Fordson
  5. A Toyota made in Tennessee
  6. A partially completed house
  7. A freeway

II. Objective

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

III.  Chapter 9 & 10 Retake: Tuesday after school

  • Bring a paragraph per section (5) – 9.1, 9.2, 10.1, 10.2, 10.3

IV.   Federal Budget Simulation (15 summative points)- Due Monday

V.   12-1 iLearn Quiz Today thru Monday @ 11:30 pm

VI. Discussion and Activity

VII.  Notebook:   Difference between GNP & GDP-

  • Construct a Double Bubble illustrating the difference between GNP & GDP

VIII. Classwork

A. 12-1 Economics Guided Reading Activities

B. Page 321 Identify specific examples of products not included in GDP

  • Intermediate (3)
  • Secondhand (2)
  • Nonmarket (3)
  • Underground (3)


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