1. Entrance Ticket
Which of the following would be counted in GDP?

2. Agenda 1) Go Over GDP Practice Problems 2) More Practice
3) GDP Shortcomings
4) Exit Ticket

3. Calculate the 2008 GDP

4. CALCULATING GDP

5. The Formula for GDP GDP = C + I + G + (X – M)***
Consumption
Investment
Government Spending
Net Exports
***Each Term Will Be Explained

6. Calculate the GDP of Blackstonia
X = 1200
M = 1450
Blackstonia’s Chief Economist

7. Calculate a person’s GDP contribution

8. GDP Shortcomings

9. What’s wrong with GDP?
First, make your predictions about what is wrong (fill out top of graphic organizer)
Second, read your excerpt about an identified shortcoming (fill in one box on graphic organizer)
Third, Share information with classmates to learn about three other shortcomings (fill in remaining three boxes on graphic organizer)

14. Exit Ticket How would you amend GDP to make it a better concept?
Can you think of any other shortcomings other than the ones mentioned?

15. HW
Read Article
Take Directed Notes
Answer Questions