This video teaches the concept of Gross Domestic Product (GDP). GDP is the total market value of all final goods and services produced within a country, usually measured over a year.
Aggregate Demand (AD), Aggregate Supply (AS), Gross Domestic Product (GDP), Nominal Gross Domestic Product (GDP), Per Capita Gross Domestic Product (GDP), Potential Gross Domestic Product (GDP), Real Gross Domestic Product (GDP), Business Cycles
OTHER RELATED LESSONS
Students view a video and answer questions about Gross Domestic Product (GDP). Graphs of real GDP per capita are used to demonstrate that the same set of data can be shown in different ways. Students are introduced to the concept of misleading graphs and complete an activity to identify mislea...
This lesson explores the relationship of unemployment to inflation in the 1960s and after. Students will discover the short-run trade-off between inflation and unemployment when unemployment is less than its natural rate. Students will learn how wage setters formed adaptive expectations about fu...
Advancements in transportation have played a key role in the growth of our nation. U.S.government policies have also had a considerable impact on the development of transport as we know it today. In this series of three lessons, the students examine the advancements in automobiles, roads, airline...
Grades 6-8, 9-12
The students learn what GDP is. They will learn different measures of GDP as well as how GDP per capita can be used to compare countries. They will also calculate GDP per capita and learn how poorer countries can converge, or close the gap, with richer countries.
This lesson helps students understand the basic services provided for Americans in the United States Constitution and the necessity of a system of taxation to fund those services. Students will debate the pros and cons of having governments fund and provide particular services.
Grades 6-8, 9-12