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.
Trade Deficit
 A shortage created when a country buys or
imports more goods and services than it sells.
Lesson #5 Guided Notes
 Economy, world
 Successful
 Natural
 Invent
 Resources
 Agricultural
 Food surplus
 Market
 Choices
 market
Lesson #5 Guided Notes
 Free
 Standard
 High
 No answer, consumers
 Trading, Canada, Mexico, and Japan
 Stronger
 International
 Balance
 Imports
 deficit
Lesson #5 Guided Notes
 Wealth
 World
 Continually
 Agricultural, manufacturing
 Goods, services
 Tourism, service
 technology
 education
United
States
GDP
GDP Per
Capita
Unemployment
exchange
rate
Canada
Mexico
(RANK IN THE WORLD)
United
States
16.24
Trillion (1)
Canada
Mexico
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)
1.03
Canadian
Dollar
12.76
Pesos
GDP
exchange rate
DO NOW 2-27-15
Write four ways that freedom is represented in
our economy!!!
Freedom in
Economy
Freedom in Economy
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.
Anticipation Guide Answers
 1. 2012 (TRUE)
 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