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Lesson Plan

Performance of National Economy: How Do We Measure the Economy's Health? [Pdf]

Curated by ACT

This investigation helps students clarify economic performance measures. These include: percentage changes in the Gross Domestic Product or the Consumer Price Index, how the labor force is measured, the meaning of employment and unemployment, inflation measures, nominal and real Gross Domestic Product, economic performance targets, and economic performance in recent years. After the investigation, they will have a good understanding of how the health of the economy is measured. (Note: Data in the investigation may be somewhat out of date, and teachers may wish to update it using the data citation.)

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Concepts

economic growth, economic indicators, gross domestic product

Additional Tags

economic health, economic measures, health of economy, inflation measure, measuring inflation, measuring labor force, measuring the economy, measuring unemployment, cpi, consumer price index, gdp, health of u.s. economy, health of us economy, health of united states economy, gdp and the changes in price level, labor force, types of measurement

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