Economics – 5/11/11
I. Bellwork:
II. Objective:
- Identify ways in which a nation’s economic growth is measured.
- Examine factors that contribute to income inequality and programs that have been implemented to reduce poverty
III. Review for Test Tomorrow
- Figure 12.8 The Distribution of Income
- Figure 12.9 Poverty in the U.S.
- https://glencoe.mcgraw-hill.com/sites/007879997x/student_view0/unit4/chapter12/self-check_quizzes.html
- Study your notes
IV. Chp 12 Review Questions
- What exactly is GDP and what does it include?
- What is not included in GDP?
- Identify the components of GDP and how it is computed?
- Know the 4 categories of things not included in GDP and provide examples for each.
- What are the limitations of GDP?
- What are the differences between GDP & GNP?
- Quantify wealth disparity in the U.S.
- List and explain the causes of Poverty
- List and explain Anti-Poverty Programs
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