Unit 2: Measurement of Economic Performance
Duration of Days: 18
Methods for measuring GDP (expenditure and income approaches)
Differences between nominal and real values
How inflation is measured using price indices (CPI, GDP deflator)
Types and causes of unemployment
Calculate GDP and adjust for inflation
Interpret CPI data and unemployment rates
Analyze real-world economic data
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Unit exam with multiple-choice and free-response items
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Data-interpretation assignment using U.S. economic indicators
| Lesson # | Lesson Title | Duration of Days |
|---|---|---|
| 1 | Circular Flow Model & National Income | 3 |
| 2 | Gross Domestic Product (GDP) | 4 |
| 3 | Nominal vs. Real GDP | 3 |
| 4 | Inflation & Price Indices | 4 |
| 5 | Unemployment -- Measurement & Types | 3 |
| 6 | Evaluating Economic Indicators | 1 |