Dec 18

Economics – 12/19/19

I. Bellwork  Q&A

A. Schumer introduces bill requiring GDP measure inequality

  1.  Explain why is this bill necessary according to its supporters?
  2.  How will this new bill change the way GDP information is provided?

II. Objectives:

  • Explain and calculate the  difference between Nominal and Real GDP
  • Analyze Nominal and Real GDP to determine which provides a more accurate measure of productivity

III. Discussion/Notebook:

Difference between  Nominal &. Real GDP 

IV. Classwork – iLearn Chapter 12 Folder

Activity 11.3


V. GDP Quiz on iLearn

Dec 18

AP Economics – 12/19/19

I.  Bellwork:  Pgs 731

    A.  Free Response #1

III.  Objectives

  • Explain how the factor markets determine the factor distribution of income
  • Explain how the demand for the factors of production leads to the marginal productivity theory of income distribution
  • Determine the equilibrium wage and level of employment in the labor market for firms operating in perfectly and imperfectly competitive markets

IV.  Classwork/Review:

  • FRQ Problems 4-6 on iLearn
  • On iLearn:  Section 13 Review Modules 69-71 & 73

V.  Section  13 Exam Friday

Dec 18

Accounting – 12/19/19

I. Bellwork   Q&A

Explain how each (3) of the  percentages of sales ratios on the income statement are calculated. Use words and formulas. (What is in the numerator and denominator?)

II. Objectives:

  • Prepare a balance sheet for a service business organized as a proprietorship.
  • Interpret information from a worksheet to construct a balance sheet in accordance with GAAP

III.  Section 7.2 Balance Sheet

  • Heading of a Balance sheet
  • Components of a Balance Sheet
  • Formatting of a balance Sheet
  • Determining the Capital Balance
    • Old Capital Balance – Drawing + Net Income or -(Net Loss) = New Capital Balance

IV.  Classwork : On Google Sheets

7-2 Working Together and On Your Own



Dec 18

Economics – 12/18/19

I. Bellwork: on iLearn

II.  Objective:

  • Examine factors that contribute to income inequality and programs that have been implemented to reduce poverty.
  • Integrate and evaluate multiple sources of information presented in diverse formats and media in order to address the problem and impact of income inequality in American society.

III.   Discussion – Poverty & Income Disparity

IV.   iLearn 12-1 Quiz – tomorrow

V.  ClassworkDue Today-Turn in to the substitute

  • Page 345 Review 2-5 Q&A
  • P. 337 Vocabulary (12)