Tuesday, September 13, 2011

Hands-on GDP

Introduction to Business students are studying economic systems and the ways we measure the performance of the economy. Last week in class, students were grouped in their own countries and then produced 3 products: bookmarks, books, and apples. Students calculated their productivity, GDP, and GDP per capita for each round/ year.

Facts about GDP:
  • GDP is the value of all goods and services produced in a country in one year.
  • GDP is one economic indicator that economists use to measure the strength of a nation's economy.
  • GDP grew in the U.S. by 1% in the 2nd quarter of 2011. More information can be found at the Bureau of Economic Analysis.
Here's a glimpse into the Introduction to Business classroom as students learned about GDP and other economic indicators.




If you have more information to share with us, please do so through the comments!
Students will be assessed over this unit on Friday, September 16!
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1 comment:

  1. AnonymousSeptember 13, 2011 at 8:46 PM

    Intro to Business sounds like a very exciting class. Our son is enjoying the hands-on communication tools you are using during class. There are some many new communication tools available today.....what amazing and cost-effective opportunities to market to customers. Learning about the economy and how it works is important knowledge which the students will use throughout their lives. Thank you for sharing your class blog with the parents, Mrs. Bird.

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