GDP Classification & Calculation Worksheet
Intuitive Econ
167 Followers
Grade Levels
11th - 12th, Higher Education, Adult Education, Homeschool
Subjects
Resource Type
Formats Included
- PDF
Pages
3 pages
Intuitive Econ
167 Followers
What educators are saying
Math is not my strong point but this was so helpful and easy to follow along with and teach students.
Description
A macroeconomic worksheet on Gross Domestic Product requiring students to:
1. Calculate GDP using the Value-Added Approach, Income Approach, and Expenditure Approach in order to understand how and why GDP should be the same no matter which method is used.
2. Discriminate between whether or not a product or activity would be included in a country's GDP for a given year.
3. Calculate GDP using the income and/or expenditure accounts for a hypothetical country.
4. Identify which component of overall expenditures would be affected as a result of a change in spending behavior.
5. Investigate situations in which GDP does not provide a perfect measure of economic activity.
1. Calculate GDP using the Value-Added Approach, Income Approach, and Expenditure Approach in order to understand how and why GDP should be the same no matter which method is used.
2. Discriminate between whether or not a product or activity would be included in a country's GDP for a given year.
3. Calculate GDP using the income and/or expenditure accounts for a hypothetical country.
4. Identify which component of overall expenditures would be affected as a result of a change in spending behavior.
5. Investigate situations in which GDP does not provide a perfect measure of economic activity.
Total Pages
3 pages
Answer Key
Included
Teaching Duration
50 minutes
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167 Followers
