Economics – 12/16/19
I. Bellwork
Write the formula used to calculate GDP and identify what each letter represents.
II. Objectives
- 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. Discussion and Activity
- Friday’s Notes
- What is GDP? Explained
- Video:What Is the Gross National Product?
- Robert F. Kennedy challenges Gross Domestic Product
IV. Notebook:
- Construct a Double Bubble illustrating the difference between GNP & GDP
- Construct a Tree Map – Limitations of GDP
V. Classwork
A, 12-1 Economics Guided Reading Activities
- Page 321 Identify specific examples of products not included in GDP:
- • Intermediate (3)
- • Secondhand (2)
- • Nonmarket (3)
- • Underground (3)
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