AP ECONOMICS: September 20

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Presentation transcript:

AP ECONOMICS: September 20 Warm-up: Module 12 Exit Slip 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) calcu-late the labor force participation rate; (3) calculate the unemploy-ment rate; (4) list and explain the three types of unemployment; and (5) calculate the natural rate of unemployment (NRU). --BLS August Employment Situation (HO) See Ch. 13 notes (HO from earlier) Classifying Unemployment: -frictional and structural unemployment -the Natural Rate of Unemployment (NRU) -cyclical unemployment --relationship between actual U rate and NRU --Worksheet 13.1 (HO) Assignment: work on sample MC questions (HO) MCT #1 (part 1) is TOMORROW MCT #1 (part 2) and FRQ #2 is Friday (FRQs #2 and #3 will cover GDP and unemployment) FRQ #3 is Monday