Transcript Anticipation Guide – United States Economy

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 Price
• Trade Deficit
Market Price
• What people are willing to pay for a
product or service.
Deficit
• A shortage.
Market 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.
United
States
GDP
GDP Per
Capita
Unemployment
exchange
rate
Canada
Mexico
United
States
Canada
Mexico
GDP
16.24
Trillion (1)
1.474
Trillion (14)
1.798
Trillion (12)
GDP Per
Capita
$51,700
(13)
$42,300
(21)
$15,400
(86)
Unemployment
8.1%
(94)
7.3%
(80)
5.%
(46)
.99
Canadian
Dollar
13.17 pesos
exchange rate
Freedom in
Economy
• With the other students at your table, take
turns reading pages 124-127 starting with
“An Economic Superpower”
Anticipation Guide Answers
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1. false
2. false ( Canada and Mexico)
3. false
4. false... it imports more than it exports
5. true
6. false…they are an example of service industries
7. true
8. true
Economy Lesson- Key Points
Come up with 5 key points to use as a summary
for Lesson #5
Write a summary paragraph using the 5 key
points. (Don’t forget to start with and
introduction sentence!!!!)