1. AP ECONOMICS: September 24
Warm-up Does the relationship between Real GDP and inflation tend to be direct or inverse? Explain. Learning Target: In order to understand how to measure and evaluate economic performance, I will analyze the nuances of the inflation rate. I will know I have it when I can: (1) define inflation, nominal inflation, and real inflation; (2) calculate the inflation rate; and (3) identify those that are hurt and benefit from inflation. Module 14 Lecture Guide (HO)
Definition; nominal vs. real values; inflation calculation; hurt or benefit from inflation?; COLAs and ARMs Closure Begin Worksheet 14.3 (HO)
Assignment
--conclude Worksheet 14.3
--read Modules 15 & 11; GC videos
FRQs on Fri., September 28; MCT #2 on Monday, Oct. 1st