GDP: Does It Measure Up? (Page One Economics Classroom Edition)

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How is the total value of all the goods and services produced in a country's economy measured? Gross domestic product (GDP) is one common and fairly comprehensive measure. The May 2013 issue explains GDP components and how GDP is calculated. It also describes what GDP does—and does not—measure.

Graphs compliments of FRED®.

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Keep your students in the know on timely economic issues with the Page One Economics Classroom Edition. Page One Economics provides a simple, short overview of a current economic event that offers students an opportunity to use close reading strategies. The Teacher’s Guide includes student questions and a teacher answer key, plus additional resources and lesson ideas for classroom, extra credit, or make-up assignments. You can subscribe via RSS feed or email.

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Audience:   High School, Consumers, College
Language:   English
Subjects:   AP, Economics
Resource Types:   Publications, Newsletter, Lessons
Concepts:   Gross Domestic Product (GDP), Federal Reserve System-functions, Productivity, Inflation/Deflation
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