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Focus on Economic Data: Gross Domestic Product - May 2001
Source: Council for Economic Education (EconEdLink) | Type: Lesson

Explore the connection between the economic indicators and real-world issues. These lessons typically can be done in one class period.

Grades:

• 9-12

Concepts:

• Deflation
• Economic Growth
• Gross Domestic Product (GDP)
• Inflation

Standards:

• Economics 15: Growth
• Economics 18: Macroeconomy-Income/Employment, Prices
• Economics 19: Unemployment and Inflation
• Economics 20: Monetary and Fiscal Policy

Related Resources:

• Principles of Economics
• Focus on Economic Data: The U.S. Unemployment Rate April 6, 2007
• Focus on Economic Data: The U.S. Unemployment Rate May 4, 2007

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