Anticipation Guide – United States Economy Before we go on to the next section, “A Dynamic...
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Transcript of Anticipation Guide – United States Economy Before we go on to the next section, “A Dynamic...
Anticipation Guide – United States Economy
Before we go on to the next section, “A Dynamic Economy”, complete the anticipation Guide. Answer True or False in the Before column only.
Lesson 4B
Lets talk about MONEY !!!!
DO Now-Copy the following vocabulary words into your packet
Market PriceTrade Deficit
Market Price
What people are willing to pay for a product or service.
Trade Deficit
A shortage created when a country buys or imports more goods and services than it sells.
Economy, worldSuccessfulNaturalInventResourcesAgriculturalFood surplusMarketChoicesmarket
Lesson #5 Guided Notes
FreeStandardHighNo answer, consumersTrading, Canada, Mexico, and JapanStrongerInternationalBalanceImportsdeficit
Lesson #5 Guided Notes
WealthWorldContinuallyAgricultural, manufacturingGoods, servicesTourism, servicetechnologyeducation
Lesson #5 Guided Notes
United States
Canada Mexico
GDP
GDP Per Capita
Unemployment
exchange rate
United States
Canada Mexico
GDP 16.24
Trillion (1)
1.518
Trillion (14)
1.845
Trillion (11)
GDP Per Capita
$51,700
(13)
$43,100
(19)
$15,600
(88)
Unemployment 7.3%
(94)
7.1%
(75)
4.9%
(45)
exchange rate 1.03
Canadian
Dollar
12.76
Pesos
(RANK IN THE WORLD)
Freedom in Economy
DO NOW 2-27-15
Write four ways that freedom is represented in our economy!!!
Freedom in EconomyMarket Economy in the U.S.
People decide which goods and services they buy.
They decide how their money is spent.They decide what kind of job they will do.Businesses are free to create goods and
services of their choice.Businesses decide how much they will charge
for their goods and services.
Anticipation Guide Answers
1. 2012 (TRUE)2. false ( Canada and Mexico)3. false4. false... it imports more than it exports5. true6. false…they are an example of service
industries7. true8. true