Economics – 12/17/14

I. Bellwork:

• Four Square:  GPI offers useful counterpoint to GDP

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 a question or solve a problem.

III. Review GDP Basics

A.  Which of the following would be included and excluded from the GDP of the United States?

1. Baking a cake for your mother
2. Clothes bought at a resale shop
3. Limousine service for homecoming
4. Money from illegal gambling
5. Washing your dishes
6. A car made in Detroit and sold in Canada
7. A processor to make a new computer
8. The U.S. Gov’t buying a Russian helicopter

IV.  Discussion – Poverty & Income Disparity

• The 99%
• Wealth Inequality in America
• Poverty rate Guidelines
• Poverty rate by State

V.  iLearn 12-1 Test – Ends tomorrow @ 4:30 pm

VI.  Classwork

Page 345 Review 2-7 Q&A

.  P. 337 Vocabulary (12)

 

 

 

 

Economics F2014