AP Macro – 2/10/2020
I. Bellwork
Write the formulas to express/determine the following:
- · CPI
- · GPD deflator
- · Unemployment Rate
II..Objectives:
- Review the Circular Flow diagram, GDP, GDP deflator, Unemployment, CPI, and Inflation in proportion for the exam.
- Analyze data from various scenarios/cases and apply economic models to provide useful information
III. Turn in:
- Pages 155-157 MC 25 & FRQ #1
IV. Classwork/discussion on iLearn
· 2.1 Circular Flow
· 2.6 Real v Nominal GDP
V. Test Tomorrow
- Section 3 (Modules 10-15) Test on Monday
- 40-50 Questions & FRQ
- Know how to compute GDP (3 ways) , Compute GDP deflator, CPI, unemployment rate, normal rate of inflation
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