Economics – 1/09/17
I. Bellwork:
- Describe at least two indicators (ways) you can determine if the economy is doing well or not.
II. Objective
- Discuss and explain why and how economic growth is measured using GDP
- Construct a thinking map describing and providing examples of the components of GDP.
- Distinguish between real and nominal GDP
- Determine the meaning of words and phrases as they are used in the text through discussion and providing definitions.
III. Discussion on GDP
IV. Notebook -Thinking Maps on GDP
- Circle Map –What is and what isn’t GDP? (P. 320)
- Brace Map – Components of GDP (P. 327)
V. Classwork
- A, 12-1 Economics Guided Reading Activities
- Page 319 Vocabulary (20)
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