Warm-up:
What does GDP stand for?
How do we calculate GDP?
Explain the limitations of GDP.
Which calculation addresses one of the limitations?
Analyze the connection between GDP and quality of life.
How do we calculate GDP?
Explain the limitations of GDP.
Which calculation addresses one of the limitations?
Analyze the connection between GDP and quality of life.
Objective:
SWBAT explain how Consumer Price Index and Unemployment are used to measure the performance of the American economy.