Teacher: R Crawford
Lesson: APE 7.6 Inflation
Textbook: pp. 280-286
Material: 7.6 Lecture Notes
Internet Access for Inflation Calculator
Quiz on Unemployment
Objectives: Students should be able to determine GDP and GNP given specific numerical National Income Data and to distinguish between real and nominal GDP using CPI
Concepts: inflation
deflation
base year
market basket
Consumer Price Index
nominal GDP
real GDP
real growth
Activities:
  1. Multiple Choice Quiz on Unemployment
  2. Challenge students to find historic prices using internet site during tech time.
  3. Return Quiz and discuss.
  4. Pass out Activity 11 worksheet
    1. work individually with students to determine market basket
  5. Lecture
    1. Use Activity 11 worksheet as basis to introduce inflation
    2. use worksheet to introduce CPI formula

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Assessment Activity: Activity 11 CPI Worksheet