Recessions graphs etc

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Recessions graphs etc

  1. 1. 1. Calculate the GDP for Portugal in 2008. (in millions) Bellringer Consumers spent: $90,000 Investment: $40,000 Exported $50,000 Imports $90,000 Government: $10,000 2. What is their GDP per capita? Portugal: 10 million people Currency: Euro 3. If the US GDP per capita is $49,000 and Mexico’s is $9,700, is Portugal rich or poor? (explain)
  2. 2. Portugal
  3. 3. The Business Cycle • Changes in GDP over time prosperity recovery
  4. 4. Recession • 6 + months of negative GDP growth • 3 Causes? Prosperity • 6+ months of positive GDP growth • 3 causes?
  5. 5. GDP Change Assignment 1. Which part of the GDP formula is the largest? (It’s the part you are the most involved in) 2. How many recessions has Argentina had since 1900? 3. When was their worst one? 4. Why are recessions good for selling used and generic items? 5. Is the USA still in a recession? (GDP 1.7% last qtr) 6. Calculate US GDP 2010 Consumers: $12 trillion Investment: $1.5 trillion Government: $2 trillion Exports: $1 trillion Imports: $2 trillion 6. Describe US Trade (net….?)
  6. 6. GDP Change Assignment 1. Which part of the GDP formula is the largest? (It’s the part you are the most involved in) 2. How many recessions has Argentina had since 1900? 3. When was their worst one? 4. Why are recessions good for selling used and generic items? 5. Is the USA still in a recession? (GDP 1.7% last qtr) 6. Calculate US GDP 2010 Consumers: $12 trillion Investment: $1.5 trillion Government: $2 trillion Exports: $1 trillion Imports: $2 trillion 6. Describe US Trade (net….?)
  7. 7. GDP Change Assignment 1. Which part of the GDP formula is the largest? (It’s the part you are the most involved in) 2. How many recessions has Argentina had since 1900? 3. When was their worst one? 4. Why are recessions good for selling used and generic items? 5. Is the USA still in a recession? (GDP 1.7% last qtr) 6. Calculate US GDP 2010 Consumers: $12 trillion Investment: $1.5 trillion Government: $2 trillion Exports: $1 trillion Imports: $2 trillion 6. Describe US Trade (net….?)
  8. 8. GDP Change Assignment 1. Which part of the GDP formula is the largest? (It’s the part you are the most involved in) 2. How many recessions has Argentina had since 1900? 3. When was their worst one? 4. Why are recessions good for selling used and generic items? 5. Is the USA still in a recession? (GDP 1.7% last qtr) 6. Calculate US GDP 2010 Consumers: $12 trillion Investment: $1.5 trillion Government: $2 trillion Exports: $1 trillion Imports: $2 trillion 6. Describe US Trade (net….?)
  9. 9. GDP Change Assignment 1. Which part of the GDP formula is the largest? (It’s the part you are the most involved in) 2. How many recessions has Argentina had since 1900? 3. When was their worst one? 4. Why are recessions good for selling used and generic items? 5. Is the USA still in a recession? (GDP 1.7% last qtr) 6. Calculate US GDP 2010 Consumers: $12 trillion Investment: $1.5 trillion Government: $2 trillion Exports: $1 trillion Imports: $2 trillion 6. Describe US Trade (net….?)
  10. 10. GDP Change Assignment 1. Which part of the GDP formula is the largest? (It’s the part you are the most involved in) 2. How many recessions has Argentina had since 1900? 3. When was their worst one? 4. Why are recessions good for selling used and generic items? 5. Is the USA still in a recession? (GDP 1.7% last qtr) 6. Calculate US GDP 2010 Consumers: $12 trillion Investment: $1.5 trillion Government: $2 trillion Exports: $1 trillion Imports: $2 trillion 6. Describe US Trade (net….?)
  11. 11. Unemployment types Assignment 1. Divide your paper into fourths 2. Draw a picture or comic to show the four types of unemployment 3. On the back of the paper, write a few sentences on how you will guard yourself against each type of unemployment • Quantitative Easing: find an article on one of the unemployment types, cite it and summarize its findings.

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