Federal Reserve Bank
GDP: Does It Measure Up?
Here is resource that offers a very clear explanation for how economists measure economic growth by comparing real GDP over time. There is also an additional activity that details the expenditure method and four components for...
Curated OER
Economic Health Indicators: GDP and CPI Worksheet
Examine the nation's economic health using this GDP and CPI instructional activity, which features helpful graphic depictions of complex concepts. The first 2 pages include 17 short-answer questions intended to guide reading from a text...
Center for Literacy and Disability Studies
GDP and Fiscal Policy Monopoly
Using the classic game of Monopoly and a revised set of rules in this resource, your class members will discover how GDP is calculated and practice enacting expansionary or contractionary fiscal policies. What a great way to learn about...
Federal Reserve Bank
FRED in the Classroom: Debt and Deficit
Here is a hands-on activity where your class members will discover different ways to measure the government's financial situation and work to add data and redraw graphs in order to calculate the ratio of gross federal debt held by...
Curated OER
All About GDP
In this All About GDP instructional activity, students read ten phrases then decide if what is mentioned counts when calculating the GDP.
Carnegie Mellon University
International Perspectives to Climate Change 2
A couple PowerPoint presentations are used to stimulate discussion about the perspectives of different countries on the issue of energy consumption. Afterward, they play a game in which each team is assigned a country, considers its...
Curated OER
Compare and Contrast Countries
Seventh graders explore the wealth of other countries. In this gross domestic product instructional activity, 7th graders calculate the numbers for various countries. Students then compare and contrast the differences between...
Curated OER
Places and Production
Young scholars calculate United States GDP and GDP per capita, use a choropleth map to acquire information, and create choropleth maps of GDP per capita in South America. They identify regions with high and low GDP per capita
Federal Reserve Bank
FRED in the Classroom: Measures of Inflation
Don't just tell class members about how to measure inflation, have them experience it firsthand by asking them to work with real data and construct graphs!
Curated OER
What's in GDP?
Students define GDP and collect data on a country's budget. In this economics instructional activity, students differentiate between real and nominal GDP. This activity contains an answer key to the activities.
Curated OER
How Wealthy Are Europeans?
Students investigate measures of central tendency. They examine compiled data and conduct critical analysis. The graph is focusing on the gross domestic product data. The lesson also reviews the concept of putting values in order of...
Curated OER
Economic Health Indicators: Inflation and Unemployment Worksheet
Ensure your economists understand demand and supply curves with this 13-question inflation and unemployment worksheet. Although it references a text, information students need is included on a separate notes handout (included). Consider...
Curated OER
Places and Production
Students investigate the economy and the market value of goods. In this algebra instructional activity, students differentiate between domestic goods value and international good value. The define and identify the importance of GDP or...
Curated OER
Inflation and Unemployment
Twelfth graders are introduced to the relationship between inflation and unemployment. They define the employment and unemployment rate and practice calculating the figures. Analyzing minimum wage laws, they model a process for...
Curated OER
Comparing the European Community with the U.S.
Learners research a country to compare with the U.S. In this compare/contrast lesson, students research the CIA World Factbook research a European country's characteristics. Learners calculate growth rate and doubling time and examine...
Council for Economic Education
Opportunity Cost
The price of those new shoes involves more than just money! Individuals explore the concept of opportunity cost using a video clip and gratification discussions. They prepare a budget based off of their set of values in regards to...
Council for Economic Education
FRED and the Federal Budget Interactive Lesson
How can a federal debt accumulate over time? The Federal Reserve Economic Data (FRED) dashboard allows scholars to actively research each aspect of the federal budget. In pairs, they analyze economic data to determine the best way to...
Curated OER
Chapter 8: Introduction to Economic Growth and Instability
Help your young economists put the current financial situation into context with this fluid and informative presentation. Complete with a thorough list of key terms at the end and a useful navigation tool on each slide, the presentation...
Curated OER
Hey, Mom! What's for Breakfast?
Young scholars examine how he world eats breakfast. In this food choices lesson, students work in groups to list breakfast foods and their ingredients and find goods and consumers on the list. The, young scholars use the Internet to...
Curated OER
Closed Economy Expenditure Model Test
In this economics worksheet, students answer questions relating to consumption, investment, and expenditures in a model of a closed economy. The eight page worksheet contains forty multiple choice questions. Answers are not...
Texas Education Agency
Texas Gateway: Ch. 5: Measuring the Size of the Economy: Gross Domestic Product
By the end of this section, you will be able to identify the components of gross domestic product on the demand side and on the supply side; evaluate how gross domestic product is measured; and contrast and calculate gross domestic...
Khan Academy
Khan Academy: Lesson Summary: The Circular Flow and Gdp
In this lesson summary review and remind yourself of the key terms and calculations used in describing the output of an economy. Key topics include the expenditures approach, income approach, and value added approach to calculating GDP...
Other
Measuring Worth: What Was the Gdp Then?
Use this calculator to figure out nominal GDP, real GDP, the GDP deflator, population, nominal GDP per capita, and real GDP per capita between any years from 1790 to 2005.
Khan Academy
Khan Academy: Lesson Summary: Real vs. Nominal Gdp
In this lesson summary review and remind yourself of the key terms and calculations used in calculating real and nominal GDP. Topics include the distinction between real and nominal GDP and how to calculate and use the GDP deflator. This...