Economics – 12/17/19

I.  Bellwork:

• On Google Classroom

II.  Objective:

• Identify and discuss the criteria necessary for a good or service to be included in GDP or GNP.
• Provided various scenarios explain whether the good or service should included in GDP or GNP.

III.  Discussion 

A,  Financial Transactions & Transfer Payments

B.  GDP per capita

IV.  Participation

1.  GDP Identification on iLearn – Chapter 12 folder

V.  Classwork

  A.  For each of the following explain  if the good or service would be included or excluded from the GDP and GNP 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. A McDonalds in France
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 helicopte
9. A German engineer firm operating in the U.S.r

VI.  Quiz Thursday

Economics F2019