1. AP ECONOMICS: September 26
Warm-up (1) What is the formula for calculating a new price index? (2) What is the formula for calculating a percentage change?
--finish going over Worksheet 15.3 (HO from yesterday)
A.P. Economics Learning Target: In order to understand how to measure and evaluate economic performance, I will analyze the Gross Domestic Product (GDP) deflator. I will know I have it when I can construct and use indices to convert nominal values into real values.
See CPI and GDP Deflator Lecture Guide (HO from yesterday)
--converting nominal to real GDP
--Worksheet 11.3 (HO from yesterday)
-now, calculate the GDP deflators from the information given
Assignment
--make sure you have watched all the Unit 2 GC videos
FRQs on Friday (FRQ #3—GDP; FRQ #4—Unemployment) MCT #2 on Monday