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Measuring the Economy: GDP, Inflation, and Unemployment

Economic Systems and Macroeconomic Policy

5th Grade·Social Studies·US-WY-SS

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Define Gross Domestic Product, Consumer Price Index, inflation rates, and unemployment metrics.

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Economic Systems and Macroeconomic Policy

5th Grade · Social Studies · US-WY-SS

7 lessons

Goal

Analyze comparative economic systems, key macroeconomic indicators, and the roles of monetary and fiscal policy in stabilizing the economy.

7 lessons

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How Economic Systems Shape ChoicesUp next
Who Decides in Different Economic Systems?Not started yet
Measuring the Economy: GDP, Inflation, and UnemploymentYou are here
The Business Cycle: Expansion, Peak, Recession, TroughNot started yet
Economic Institutions: Labor Unions and CorporationsNot started yet
The Federal Reserve and Monetary PolicyNot started yet
Government Fiscal Policy: Spending and TaxationNot started yet

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Learning standards covered

Content Standard 3Wyoming Social Studies Standards · 5th Grade

Production, Distribution, and Consumption - Students describe the influence of economic factors on societies and make decisions based on economic principles.