AP ECONOMICS: September 20

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Presentation transcript:

AP ECONOMICS: September 20 Warm-up: What are the three items included in the gross investment category of GDP? Learning Target In order to understand how to measure and evaluate economic performance, I will analyze the nuances of the unemployment rate. I will know it when I can: (1) define the unemployment rate; (2) calculate the labor force participation rate; (3) calculate the unemployment rate; (4) list and explain the three types of unemployment; and (5) calculate the natural rate of unemployment (NRU) Modules 12 and 13 Lecture Guide (HO) --unemployment related terminology --U.S. unemployment (U) rate --calculating the labor force participation and U rates --criticisms of the measurement of the U rate --the Natural Rate (NRU) --classifying U: frictional and structural unemployment; the Natural Rate of Unemployment (NRU); cyclical unemployment Assignment: --read Modules 12 and 13