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Lesson Plan

Econ Ed Link: Closing the Gap

Curated by ACT

The students learn what GDP is. They will learn different measures of GDP as well as how GDP per capita can be used to compare countries. They will also calculate GDP per capita and learn how poorer countries can converge, or close the gap, with richer countries.

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Concepts
gross domestic product, macroeconomic indicators, standard of living
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Additional Tags
council for economic education, econedlink, econedlink: closing the gap, gdp, nominal gdp
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Classroom Considerations
  • Knovation Readability Score: 4 (1 low difficulty, 5 high difficulty)
  • The intended use for this resource is Instructional