Learning Goals:
Obj 1.02 Understanding Economic Systems- How to measure economic activity (GDP per capita, classifying the economy)
Bell Ringer:
1. Get your name tag and project worksheet.
2. Go to My Computer, Student Docs, Principles of Business, Unit 1 and open New POB 1.02 PowerPoint
3. Know which company you are going to use for your project. Answer Questions 4 through 6 of the Common Formative Assessment Project 1
Guided exercise:
Miss W will clarify that GDP is spending which is different than buying.
Businesses will spend money hiring employees.
We review following main topics GDP and GDP per capita.
We will study classifying economic conditions.
Independent Exercise:
4. Read pages 38 through 40 and work on the Economic Condition worksheet.
You may work in groups. WORK IN PENCIL.
If there is time we may cover inflation versus deflation.
Homework: Bring in 10.00 Business fee
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