Economics – 3/27/17

I.  Bellwork: Q&A

Identify each as being included or not included in the GDP of the United States..

1. 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.
  • Construct a thinking maps and a foldable describing and providing examples of the components of GDP.
  • Determine the central ideas/information and construct  thinking maps which make clear the relationships among the key details and ideas.

III. Chapter 9 & 10 Retake: Wednesday after school

IV.  Discussion and Activity

V.  Notebook:

  • Construct a Tree Map – Limitations of GDP
  • Construct a Double Bubble illustrating the difference between GNP & GDP

VI. Classwork

  • GDP Foldable


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