Economics – 12/16/14

I.  Bellwork: Q&A

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

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: Today after school

IV.  12-1 iLearn Quiz Today thru Thursday @ 4:30 pm

V.  Discussion and Activity

• What is GDP?  Explained
• Video:What Is the Gross National Product?
• GDP Hunter (Review before you take the quiz)
• Robert F. Kennedy challenges Gross Domestic Product

VII.  Notebook:

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

VIII. Classwork

A.  12-1 Economics Guided Reading Activities

B.  Page 321 Identify specific examples of products not included in GDP:

• Intermediate (3)
• Secondhand (2)
• Nonmarket (3)
• Underground (3)

 

Economics F2014