Read the Fine Print
Educational Use
In this lesson, students learn the definition of gross domestic product (GDP) and the four expenditure categories of GDP. Then, they participate in a readers’ theater about castaways on an island who learn about GDP. Students record examples of items produced on the island that are examples of consumer, government, and investment spending. They recognize that, without trade, there is no net export category for the island.
- Subject:
- Economics
- Social Science
- Material Type:
- Lesson
- Lesson Plan
- Provider:
- Federal Reserve Bank of St. Louis
- Provider Set:
- Economic Lowdown Lessons
- Author:
- George Fortier
- Mary Suiter
- Scott Wolla
- Date Added:
- 09/11/2019