Gross Domestic Product (GDP) And How to Measure It | Lesson Demo
Source: Council for Economic Education (EconEdLink) | Type: Interactive Tool
This video is a classroom demonstration of Lesson 33: Gross Domestic Product (GDP) and How to Measure It from CEE's Capstone Exemplary Lessons for High School Economics publication. In this lesson, Students examine GDP. They distinguish between nominal and real GDP. They study how GDP is comprised of household spending on consumption goods and services, business investment spending, government spending on goods and services, and net exports. They participate in a simulation in which they classify economic events, and predict whether the event will lead to an increase or decrease in GDP. The video starts with an introduction of an educator describing how she teaches the lesson, followed by a demonstration of the lesson being taught to students in the classroom. This lesson was originally published in CEE's Capstone Exemplary Lessons for High School Economics, which helps students learn to apply economic reasoning to a wide range of real-world subjects—ranging from personal finance to global issues through 45 lessons. Visit the CEE Store for more information about the publication and how to purchase it.
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