Economics – 5/19/14

I. Bellwork:

• List 3 limitations of GDP and provide an example for each. P. 322-323

II. Objective:

• Examine factors that contribute to income inequality and programs that have been implemented to reduce poverty.
• Integrate and evaluate multiple sources of information presented in diverse formats and media in order to address a question or solve a problem.

III. Discussion – Poverty & Income Disparity

A.  Which of the following would be included and excluded from the GDP of the United States?

1. Baking a cake for your mother
2. Clothes bought at a resale shop
3. Limousine service for prom
4. Money from illegal gambling
5. Washing your dishes
6. A car made in Detroit and sold in Canada
7. A processor for a new computer
8. The U.S. Gov’t buying a Russian helicopter

 B.  The 99%

 C. Wealth Inequality in America

 D. Poverty rate Guidelines

 E. Poverty rate by State

 IV. Chapter 9 & 10 Retake: Wednesday after school 2:35 in G204

• Bring a paragraph per section (5). 9-1, 9-2, 10-1, 10-2, 10-3

V. iLearn 12-1 Test – Ends tonight @ 11:30 pm

VI. Classwork

A.  Page 345 Review 2-7 Q&A

B. .  P. 337 Vocabulary (12)

Economics W2014