Economics – 3/21/2016
I. Bellwork:
- Describe at least two ways you can determine if the economy is doing well and growing.
II. Objective
- Discuss and explain why and how economic growth is measured using GDP
- Determine the meaning of words and phrases as they are used in the text through discussion and construction of thinking maps related to GDP.
III. Discussion on GDP
IV. Notebook -Thinking Maps on GDP
- Circle Map –What is and what isn’t GDP? (P. 320)
- Brace Map – Components of GDP (P. 327)
V. 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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