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GDP Classification & Calculation Worksheet

GDP Classification & Calculation Worksheet
GDP Classification & Calculation Worksheet
GDP Classification & Calculation Worksheet
GDP Classification & Calculation Worksheet
GDP Classification & Calculation Worksheet
GDP Classification & Calculation Worksheet
GDP Classification & Calculation Worksheet
GDP Classification & Calculation Worksheet
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460 KB|3 pages
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Product Description
A macroeconomic worksheet on Gross Domestic Product requiring students to:

1. Calculate GDP using the Value-Added Approach, Income Approach, and Expenditure Approach in order to understand how and why GDP should be the same no matter which method is used.

2. Discriminate between whether or not a product or activity would be included in a country's GDP for a given year.

3. Calculate GDP using the income and/or expenditure accounts for a hypothetical country.

4. Identify which component of overall expenditures would be affected as a result of a change in spending behavior.

5. Investigate situations in which GDP does not provide a perfect measure of economic activity.
Total Pages
3 pages
Answer Key
Included
Teaching Duration
50 minutes
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