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  GDP […]

I. Bellwork Write the formula used to calculate GDP and identify what each letter represents. II.  Objectives Examine and discuss the components, merits, and shortcomings of GDP, as well as, alternative measures used to determine economic growth. Determine the central ideas or information and provide an accurate summary that makes clear the relationships among the […]

I.  Bellwork:  on Google Classroom II.  Objective Discuss and explain why and how economic growth is measured using GDP Determine the meaning of words and phrases as they are used in the text through discussion and the use of thinking maps III. Discussion on GDP View the following GDP Background Video GDP REAL GDP IV. […]

I. Bellwork: Q&A A. Construct a formula (<,=, >)which demonstrates what needs to occur to cause each of the   following: Surplus Deficit Balanced Budget II. Objectives: Examine the impact of deficits, surpluses, and the national debt on the private sector. Express the conditions related to deficits, surpluses, and a balanced budget using equations. Determine […]

I.  Bellwork: Q&A A.  List 3 examples of mandatory expenditures B.  List 3 examples of discretionary expenditures II.  Objectives Distinguish between a surplus, a deficit, the national deficit, and national debt Integrate information from diverse sources into a coherent understanding of an idea or event III. Discussion/Notebook A. National Deficit and National Debt – Difference […]

I.  Bellwork A.  https://www.thebalance.com/welfare-programs-definition-and-list-3305759 1.  Explain what each of the 6 major welfare programs in the article does. II.  Objectives: Distinguish between mandatory and discretionary spending Construct thinking maps to categorize spending as mandatory or discretionary Explain the current problem with government spending and revenue generation III.  Discussion/Notebook Current Federal Mandatory Spending (List Examples in […]

I. Bellwork Explain why this is called the bridge to nowhere? How much will the bridge cost? What is your opinion on the project? II. Objective: Discuss, identify, and analyze the ways in which federal, state, and local governments spend revenue for public services and social welfare. Determine the central ideas or information and provide […]

I.  Bellwork: Analyze the cartoon below completing the 4-Square below. II.  Objective: Demonstrate understanding of written, spoken, or visual information by restating, paraphrasing, summarizing, critiquing, or composing a personal response. Analyze the ways in which governments generate revenue on consumption, income and wealth and use that revenue for public services and social welfare. Discuss, identify, […]

I. Bellwork Synthesizing Information R45 1-3 Q&A (At the end of the book) II. Objectives Explain the ways in which local, state, and federal governments generate revenue. Given various scenarios distinguish between progressive, regressive, and proportional taxes  III. Classwork A.  ARIZONA PROPOSES MEDICAID FAT FEE– WSJ.COM Which principle of taxation does this tax involve? Explain […]