AP ECONOMICS: February 11

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Presentation transcript:

AP ECONOMICS: February 11 Warm-up (1) What is the formula for calculating a new price index? (2) What is the formula for calculating a percentage change? --review last part of Worksheet 15.3 (HO from last class) A.P. Economics Learning Target: In order to understand how to measure and evaluate economic performance, I will analyze the Gross Domestic Product (GDP) deflator. I will know I have it when I can construct and use indices to convert nominal values into real values. See CPI and GDP Deflator Lecture Guide (HO from last class) --converting nominal to real GDP --Worksheet 11.3 (HO from last class) -now, calculate the GDP deflators from the information given (Formula: Nominal GDP/x = Real GDP)—solve for x Assignment --Make sure Unit 2 GC videos have been watched --MCT Practice Questions (HO from last class) FRQs #3 & #4 on Wednesday (GDP and Unemployment) MCT #2 on Thursday