Lesson 18 - Economic Indicators for Informed Citizens

This lesson introduces students to three basic economic indicators: real GDP, the inflation rate, and the unemployment rate. The students work in small groups to develop an economic forecast, using the three basic economic indicators. They participate in a simulation activity involving a fictional economic forecasting firm. The firm has taken on a client who wishes to start a new business and wants to know whether this is a good idea, given the current economic climate. To advise the client, the students produce a report based on research they conduct about the state of the economy, according to the three economic indicators.

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Supplemental Resources

Glossary of Terms and Concepts

These are some of the important terms you'll cover in this lesson.

Glossary Handout

Book Materials

Lesson 18 Visuals
Visual 18.1 - Visual 18.2

Lesson 18 Activities
Activity 18.1 - Activity 18.2

Standards in Economics

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View this lesson's National Standards in Economics

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