Anticipation Guide – United States Economy Before we go on to the next section, “A Dynamic Economy”, complete the anticipation Guide. Answer True or False.

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Anticipation Guide – United States Economy Before we go on to the next section, “A Dynamic Economy”, complete the anticipation Guide. Answer True or False in the Before column only.

Lesson 4B Lets talk about MONEY !!!!

DO Now-Copy the following vocabulary words into your packet Market Price Trade Deficit

Market Price What people are willing to pay for a product or service.

Deficit A shortage.

Market Economy in the U.S. People decide which goods and services they buy. They decide how their money is spent. They decide what kind of job they will do. Businesses are free to create goods and services of their choice. Businesses decide how much they will charge for their goods and services.

United States CanadaMexico GDP GDP Per Capita Unemployment exchange rate

United States CanadaMexico GDP16.24 Trillion (1) Trillion (14) Trillion (12) GDP Per Capita $51,700 (13) $42,300 (21) $15,400 (86) Unemployment 8.1% (94) 7.3% (80) 5.% (46) exchange rate.99 Canadian Dollar pesos

With the other students at your table, take turns reading pages starting with “An Economic Superpower”

Anticipation Guide Answers 1. false 2. false ( Canada and Mexico) 3. false 4. false... it imports more than it exports 5. true 6. false…they are an example of service industries 7. true 8. true

Economy Lesson- Key Points Come up with 5 key points to use as a summary for Lesson #5 Write a summary paragraph using the 5 key points. (Don’t forget to start with and introduction sentence!!!!)