Economics – 1/10/17
I. Bellwork:
- SAT Reading Questions
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
- 12-1 iLearn Quiz Today thru Thursday @ 9:30 pm
- Discussion and Activity
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
VII. Notebook:
• Construct a Double Bubble illustrating the difference between GNP & GDP
• Construct a Tree Map – Limitations of GDP
VIII. Classwork
A. Page 321 Explain specific examples of products not included in GDP:
• Intermediate (3)
• Secondhand (2)
• Non-market (3)
• Underground (3)
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