Anticipation Guide – United States Economy Before we go on to the next section, “A Dynamic Economy”, complete the anticipation Guide. Answer True or False.

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Presentation transcript:

Anticipation Guide – United States Economy Before we go on to the next section, “A Dynamic Economy”, complete the anticipation Guide. Answer True or False in the Before column only.

Lesson 4B Lets talk about MONEY !!!!

DO Now-Copy the following vocabulary words into your packet Market Price Trade Deficit

Market Price What people are willing to pay for a product or service.

Trade Deficit A shortage created when a country buys or imports more goods and services than it sells.

 Economy, world  Successful  Natural  Invent  Resources  Agricultural  Food surplus  Market  Choices  market Lesson #5 Guided Notes

 Free  Standard  High  No answer, consumers  Trading, Canada, Mexico, and Japan  Stronger  International  Balance  Imports  deficit Lesson #5 Guided Notes

 Wealth  World  Continually  Agricultural, manufacturing  Goods, services  Tourism, service  technology  education Lesson #5 Guided Notes

United States CanadaMexico GDP GDP Per Capita Unemployment exchange rate

United States CanadaMexico GDP16.24 Trillion (1) Trillion (14) Trillion (11) GDP Per Capita $51,700 (13) $43,100 (19) $15,600 (88) Unemployment 7.3% (94) 7.1% (75) 4.9% (45) exchange rate1.03 Canadian Dollar Pesos (RANK IN THE WORLD)

DO NOW Write four ways that freedom is represented in our economy!!!

Freedom in Economy Market Economy in the U.S. People decide which goods and services they buy. They decide how their money is spent. They decide what kind of job they will do. Businesses are free to create goods and services of their choice. Businesses decide how much they will charge for their goods and services.

Anticipation Guide Answers (TRUE) 2. false ( Canada and Mexico) 3. false 4. false... it imports more than it exports 5. true 6. false…they are an example of service industries 7. true 8. true