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Gross Domestic Pizza
Source: Council for Economic Education (EconEdLink) | Type: Lesson

This lesson explores how gross domestic product (GDP) is determined. The major components of GDP are described. Students create and compare GDP pie charts for the countries of Pepperonia and Anchovia.

Grades:

• 3-5
• 6-8

Concepts:

• Consumers
• GDP/GNP
• Government Expenditures
• Investing

Standards:

• Economics 18: Macroeconomy-Income/Employment, Prices

Related Resources:

• What Does the Nation Consume?
• The Housing Crisis: GDP, Housing Bubble, Recession
• Group of 20 Reacts to Global Economic Crisis

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