We know that businesses can make a profit and improve their worth, but can a nation do the same? Scholars investigate the Gross Domestic Product in the seventh video lesson of a 10-part economic series. They analyze how a nation creates goods and services to have a healthy bottom line. To further understand the concept, they hold a discussion to compare and contrast different nations based on the overall outlook of the services they provide and the profit that comes with it. 

Concepts

gross domestic product, economics, goods and services

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Additional Tags

social studies

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Instructional Ideas

• Preview the lesson with a short reading on the concept of the gross domestic product
• Place a large 2017 GDP graph in the front of the room to analyze during lesson

Classroom Considerations

• Lesson is designed for grades 8-12 and beyond

Pros

• Materials include an audio podcast to differentiate instruction 
• Teacher resources are available at Econ Lowdown Teacher Portal

Cons

• None

Common Core

RH.6-8.1 RH.6-8.2 RH.6-8.3 RH.9-10.1 RH.9-10.2 RH.9-10.3 RH.11-12.1 RH.11-12.2 RH.11-12.3