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Focus on Economic Data: United States International Trade in Goods and Services - 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:
Concepts:
- Balance of Payments
- Exchange Rate
- Exports
- Gross Domestic Product (GDP)
- Imports
Standards:
- Economics 1: Scarcity
- Economics 5: Gain from Trade
- Economics 6: Specialization and Trade
- Economics 9: Role of Competition
- Economics 18: Macroeconomy-Income/Employment, Prices
- Economics 19: Unemployment and Inflation
Related Resources:
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