Episode 39 of 60 · Financial Literacy: Cash Course
Measuring Economic Performance
Grades 6th+
Geography — Economics & Financial Literacy · Economics — Economics & Financial Literacy · Financial Literacy — Economics & Financial Literacy · Economics — American History · Government · Economics — Modern World History · Captions
About This Video
If you want to know whether an economy is healthy, there are three key indicators to watch: Gross Domestic Product (GDP), the Consumer Price Index (CPI), and the Unemployment Rate. But what do these terms mean, and why do they matter? In this episode, middle and high school students will learn how these indicators measure economic performance—and how the state of the economy affects their daily lives (and their wallets).
Standards Met in Ohio
- AMH.9-12.19.aGrades 9th, 10th, 11th, 12thExplain one reason for the Great Depression.
- AMH.9-12.19.bGrades 9th, 10th, 11th, 12thDescribe life during the Great Depression.
- AMH.9-12.19.cGrades 9th, 10th, 11th, 12thIdentify the Great Depression as a time when millions of people were unemployed and had little money.
- EFL.9-12.13.lp.fGrades 9th, 10th, 11th, 12thIdentify a want.
- EFL.9-12.3.cGrades 9th, 10th, 11th, 12thDistinguish between goods and services.
- EFL.9-12.4.cGrades 9th, 10th, 11th, 12thIdentify an economic system.
- EFL.9-12.9.lp.dGrades 9th, 10th, 11th, 12thSort goods and services.
- MWH.9-12.25cGrades 9th, 10th, 11th, 12thIdentify an emerging economic power.