Economics – 1/09/17

I.  Bellwork:

  • Describe at least two indicators (ways) you can determine if the economy is doing well or not.

II.  Objective

  • Discuss and explain why and how economic growth is measured using GDP
  • Construct a thinking map describing and providing examples of the components of GDP.
  • Distinguish between real and nominal GDP
  • Determine the meaning of words and phrases as they are used in the text through discussion and providing definitions.

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


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