Gross Domestic Product (GDP)

Focus on Economic Data: U.S. Real GDP Growth, Final Estimate Q4 2012, March 28, 2013

This lesson focuses on the March 28, 2013, third (final) estimate of U.S. real gross domestic product (real GDP) growth for the fourth quarter (Q4) of 2012, as reported by the U.S. Bureau of Economic Analysis (BEA). The current data and historical data are explained. The meaning of GDP and potent...

Grades 9-12

Focus on Economic Data: U.S. Real GDP Growth, Q1 2013 (First Estimate)

This lesson focuses on the April 26, 2013, first (advance) estimate of U.S. real gross domestic product (real GDP) growth for the first quarter (Q1) of 2013, as reported by the U.S. Bureau of Economic Analysis (BEA). The current data and historical data are explained. The meaning of GDP and poten...

Grades 9-12

Phillips Curve

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...

Grades 9-12

Transportation: They Say We Had a Revolution (Part 2)

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

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 gap, with richer countries.

Grades 9-12