Measures of economic activity: gross domestic product (GDP), and gross national product (GNP) or gross national income (GNI)
There is a good explanation of GDP in this Slate Magazine video "What is GDP?" You will continue working in the packet you were already given. Limitations in GDP measurement and in using GDP to compare countries Make notes under the following headings: (use p163-165 of textbook plus the handout you have already, p 223-225)
Radio 4 episode www.bbc.co.uk/programmes/b0bd6jj7 ... the surprising story of GDP and whether it's time to change how we measure our economy. Green GDP Explain the meaning and significance of “green GDP”.
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March 2021
Maree SpraggonTeacher of IB Economics at the American School of Budapest Categories |