Council for Economic Education
GDP Data: Is the Economy Healthy?
Does the economy needs a check-up? Scholars analyze the gross domestic product (GDP) to determine the overall health of the current economy. They use a short video clip as well as economic data to determine the current growth of the...
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...
Curated OER
Chapter 7: Measuring Domestic Output, National Income, and the Price Level
Young economists will enjoy this approachable and informative presentation. It is full of helpful graphs and definitions. Especially interesting will be the graph that measures the global perspective of the underground economy as a...
Curated OER
The National Economy - Measures and Models
Students review economic goals and evaluate progress in achieving those goals. They focus on equity, efficiency, economic freedom and growth. They provide and example of a production decision for the economy as a whole.
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.
Federal Reserve Bank
Measuring the Great Depression
Young historians examine the cost of goods and services through the Consumer Price Index (CPI), output measured by Gross Domestic Product (GDP), and unemployment measured by the unemployment rate to gain an understanding of the economic...
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
Which Came First-Democracy or Growth?
Students investigate economic growth and standard of living. In this economics lesson, students investigate the GDP per capita and how it affects the economy. Students differentiate nominal and real GDP.
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
Countries w/ Biggest Economies Quiz
In this online interactive geography quiz worksheet, learners respond to 20 identification questions about the economies of countries in the world. Students have 4 minutes to complete the quiz.
Curated OER
Richest Countries Quiz
In this online interactive geography quiz learning exercise, students respond to 20 identification questions about the richest countries in the world. Students have 4 minutes to complete the quiz.
Khan Academy
Khan Academy: Real vs. Nominal Gdp
Practice what you've learned about real GDP, nominal GDP, and the GDP deflator in this exercise.
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...
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.
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...
Texas Education Agency
Texas Gateway: Chapter 5: Adjusting Nominal Values to Real Values
By the end of this section, you will be able to contrast nominal GDP and real GDP, explain the GDP deflator, and calculate real GDP based on nominal GDP values.
![Performance of National Economy: How Do We Measure the Economy's Health? [Pdf] Lesson Plan](https://d15y2dacu3jp90.cloudfront.net/images/attachment_defaults/resource/large/FPO-knovation.png "Performance of National Economy: How Do We Measure the Economy's Health? [Pdf] Lesson Plan")
Social Science Education Consortium
Performance of National Economy: How Do We Measure the Economy's Health? [Pdf]
This investigation helps students clarify economic performance measures. These include: percentage changes in the Gross Domestic Product or the Consumer Price Index, how the labor force is measured, the meaning of employment and...
Council for Economic Education
Econ Ed Link: Closing the Gap
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...
Khan Academy
Khan Academy: Adjusting Nominal Values to Real Values
When you examine economic statistics, it's crucial to distinguish between nominal and real measurements so you know whether or not inflation has distorted a given statistic. Learn how to adjust GDP numbers for inflation in this article....
Texas Education Agency
Texas Gateway: Chapter 5: Introduction to the Macroeconomic Perspective
In this chapter, you will learn about the following: Measuring the size of the economy with gross domestic product, adjusting nominal values to real values, tracking real gross domestic product over time, comparing gross domestic product...
Khan Academy
Khan Academy: Nominal vs. Real Interest Rates
Practice what you've learned about the distinction between the nominal interest rate and the real interest rate, as well as how to calculate both of these key measures.
Council for Economic Education
Econ Ed Link: Avatar, King of the Box Office?
On January 26, 2010, the film Avatar officially topped Titanic as the top-grossing film of all-time at the box office. However, the following day, Forbes.com published an article entitled Is Avatar Really King of the Box Office? The...
Texas Education Agency
Texas Gateway: Chapter 5: Macroeconomic Perspective: Key Concepts and Summary
This section provides a summary of each of the key concepts covered in Chapter 5: Macroeconomic Perspective.