Economics – 1/05/2016

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, merits, and shortcomings of GDP, as well as, alternative measures used to determine economic growth.
Determine the central ideas or information and provide an accurate summary that makes clear the relationships among the key details and ideas.

III. Chapter 9 & 10 Retake: Tomorrow after school

IV. 12-1 iLearn Quiz Today thru Thursday @ 9:30 pm

V. Discussion and Activity

VII. Notebook:
• Construct a Double Bubble illustrating the difference between GNP & GDP
• Construct a Tree Map – Limitations of 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)

Economics F2015