Economics – 12/05/12
I. Bellwork: Q&A
Which of the following would be included in the GDP of the United States?
| Haircut by a barber | Washing your dishes |
| Money from illegal gambling | A car built in Michigan and shipped to Brazil |
| Clothes bought at a resale shop | Limousine service for prom |
| A Toyota made in Tennessee | A car made by Ford in Mexico |
| Baking a cake for your mother | TV made in China |
| Partially completed highway | Buying lunch at Fordson |
II. Objective
- Examine and discuss the components of GDP and alternative measures of economic growth.
III. Think about your Economics Poster Board Project due 12/21
IV. Extra credit-Budgets due on Friday 12/07
V. Chapter 9 & 10 Retake: Thursday after school 2:30 in A205
- Bring a paragraph per section (5).
VI. 12-1 Quiz Tomorrow
VII. Discussion and Activity
- Real Gross Domestic Product
- GDP History
- GDP per capita comparison
- GDP Hunter
- Difference between GNP & GDP-Double Bubble
VIII. Classwork
A. 12-1 Economics Guided Reading Activities
B. Page 327 2-8 Q&A
C. Page 321 Identify specific examples of products not included in GDP
- Intermediate (3)
- Secondhand (2)
- Nonmarket (3)
- Underground (3)
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