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Related Lessons

Lesson: Economic Indicators


Focus on Economic Data: U.S. Real GDP Growth, January 30, 2015

In this lesson, students explore the advance estimate of real GDP data for the fourth quarter of 2014. These data, released by the Bureau of Economic Analysis, are presented first as estimates, then as revisions as more data for the time period is collected. This lesson uses data from the initial estimate of the 4Q 2014 activity. Students will understand the recent trends in real GDP, as well as explore alternative ways to measure a country's well-being. 

Grades: 9-12
Published: 02/13/2015

When Graphs Mislead Us

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 misleading aspects of graphs. Working in groups students support a given headline statement by manipulating a graph using an interactive tool. This will teach scale, origin, and units on a graph along with what makes a graph misleading. The lesson assumes students are able to calculate rate of change.

Grades: 9-12
Published: 11/25/2014

Focus on Economic Data: U.S. Real GDP Growth, January 7, 2015

In this lesson, students explore the final (third) estimate of real GDP data for the third quarter of 2014. These data, released by the Bureau of Economic Analysis, are presented first as estimates, then as revisions as more data for the time period is collected. This lesson uses data from the final estimate of the 3Q 2014 activity. Students will understand the recent trends in real GDP, as well as gain insight into the problems and limitations inherent in measuring GDP.

Grades: 9-12
Published: 01/29/2015