AP ECONOMICS: September 19

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Presentation transcript:

AP ECONOMICS: September 19 Learning Target #1 In order to understand how to measure and evaluate economic performance, I will analyze the nuances of the Gross Domestic Product (GDP). I will know I have it when I can: (1) determine whether or not an activity counts in the GDP; and (2) list and analyze the components that make up the GDP. --Worksheet 10.3 (HO) Learning Target #2 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). See 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); types of U Assignment: --work on MCT #1 Practice Questions (HO from earlier) MCT #1 (part 1) is Thursday MCT #1 (part 2) and FRQ #2 is Friday FRQ #3 is Monday