1. AP Week 6 Section 3 continued with GDP, unemployment and inflation
Modules 10-15
THIS WEEK ENDS THE 6 WEEKS AND IS A SHORT WEEK (3) DAYS

2. Monday- You must have all test corrections done by tomorrow
Monday- You must have all test corrections done by tomorrow. Grades go in Thursday AM
Objective: Be able to practice using the formulas to calculate RGDP and NGDP and GDP deflator
Read the article over economic growth and annotate. What are contributing factors?
With your shoulder partner look at the formulas, read the explanations and annotate. Discuss them so that both understand.
Do Now: What are the components of GDP? What is not counted?
Go back over previous notes and summarize.
EQ: What do all these numbers tell me?
MAKE SURE YOU HAVE READ MODULES FOR THIS UNIT

3. Real vs. Nominal GDP handout
HAND OUTS
PRACTICE WORKING
PARTNERS
HIGHLIGHT YOUR FINAL ANSWER- BUT SHOW THE WORK

4. Quick review to help you connect the measurements of the economy to the PPC.

5. And to connect to the business cycle.
Note that it is Real GDP.
The government is now labeling the last recession a depression.

6. Tuesday
Objective: Be able to explain what CPI is and be able to calculate.
Be able to discuss what CPI is formed from and connection to inflation.
Do Now: In your notes make sure you understand the difference between real and nominal GDP
EQ: What is Consumer Price Index and how is it determined? How is CPI connected to inflation?

7. https://www. youtube. com/watch
&feature=iv&src_vid=iV4DS9aAQqM&v=gqm--7s0Ks4 ACDC Real and Nominal GDP
L11ADD17785C9C9A4 Practice CPI

8. Wednesday
Be able to explain the chained CPI and why it is important as well as complications that arise from CPI.
Be able to move from one practice set to another and complete the math in small groups while explaining CPI
Do Now: Go back over your formulas.
EQ: What is COLA and its relation to CPI?
Vocabulary demand pull, inflation push,

11. Nominal GDP is found by multiplying the
Years quantity by years price and adding all the goods together. Or
Nominal = (Deflator) (Real GDP
GDP 100

12. There are different problems set up around the room
With your small group go around the room and work out the problems.
Write the answers on one sheet and turn them in as a group.
Make sure everyone’s name is on the sheet
Over the long weekend. Read modules Make sure you pay particular attention to the modules over unemployment and inflation. We will have a quiz over those modules on Monday. READ!!