Lesson 18 - Economic Indicators for Informed Citizens |
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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. Please review this lesson and share it with your colleagues! Supplemental ResourcesGlossary of Terms and ConceptsThese are some of the important terms you'll cover in this lesson. Book Materials
Standards in EconomicsView this lesson's State Standards in Economics |