Here is resource that offers a very clear explanation for how economists measure economic growth by comparing real GDP over time. There is also an additional instructional activity that details the expenditure method and four components for calculating GDP.

Concepts

economic growth, recessions

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Additional Tags

recession, real gdp, nominal gdp, economic growth, calculating gdp, social studies

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Instructional Ideas

• Supplement the reading with videos or hands-on activities to really illustrate concept

Pros

• Well-organized reading selection
• Easy to administer
• Includes an answer key and key instructional points

Cons

• None

Common Core

RH.11-12.1 RH.11-12.2 RH.11-12.4