In this chapter you read about the American economy. By studying economic indicators, the government determines whether the economy is in a period of expansion or recession. Some of the economic indicators are the consumer price index, the unemployment rate, and gross domestic product. In this activity you will take a closer look at how the government measures GDP.
Destination Title: EconEdLink—A Case Study in Gross Domestic Product
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Start at the EconEdLink Web site.
- Scroll down to “Definition of Gross Domestic Product.”
- Read the information under this heading, and look at the charts and graphs on the Web site.
After you have read the definition and studied the charts answer the following questions.