1. AP ECONOMICS: February 1 Bring textbooks to class for Tuesday
Warm-up
(1) Aunt Mabel receives a $1000 Social Security check from the government. (2) She gives $500 to her niece and (3) spends the other $500 on a government bond. (4) The government buys a new file cabinet with the $500. Her niece uses (5) $100 to buy new air pods, (6) $100 for private piano lessons in a college professor’s home, and (7) puts $300 into the bank. Which of these count in GDP? Why or why not? Learning Target
In order to understand how to measure and evaluate economic performance, I will analyze the nuances of the Gross Domestic Product (GDP). I will know I have it when I can: (1) determine whether or not an activity counts in the GDP; and (2) list and analyze the components that make up the GDP.
--what does the “g” mean in “Ig”?
(Reference HO from yesterday)
--GDP Practice -Worksheet 10.3 (HO) Assignment
GC Assignment #9 (Modules 12 & 13)
Bring textbooks to class for Tuesday