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
- What is GDP? Explained
- REAL vs. Nominal GDP
- Robert F. Kennedy challenges Gross Domestic Product
- Video:What Is the Gross National Product?
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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