AP ECONOMICS: February 12

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Presentation transcript:

AP ECONOMICS: February 12 --Discuss FRQ #1 & #2 Solutions --Work on MCT #2 Practice Questions (HO) Assignment --study for FRQs #3 & #4 -#3: GDP -what counts and what doesn’t count in GDP (must use the proper “doesn’t count” terminology) -#4: Unemployment (labor force calculation; unemployment rate calculation; employed, unemployed or not in the labor force determination; types of unemployment if unemployed determination; calculating the NRU; calculating cyclical unemployment; unemployment-Real GDP relationship; depicting unemployment in PPC diagram) --Make sure you have watched all the Unit 2 GC videos FRQs #3 & #4 TOMORROW MCT #2 THURSDAY