What Is Unemployment, How Is It Measured and Why Does the Fed Care?
Grade Level: 7 – 10 | PDF, 20 pgs., 244 KB In this lesson, students read and interpret choropleth maps, which contain unemployment data. They compare verbal descriptions of the labor market from the Federal Reserve’s Beige Book with the mapped data. In addition, students compare unemployment data for different years. Students access or observe how to access this data online. Which Came First—Democracy or Growth? Grade Level: 9-12 | PDF, 26 pgs., 276 KB Students will compute real Gross Domestic Product (GDP) and GDP per capita for three fictional countries and will answer questions related to actual data on GDP and GDP per capita. The Index of Economic Freedom will be used to compare and contrast the relationship between the degree of a country’s economic freedom and the total output of that country and its standard of living. Students will both map and rank a sample of countries using GDP, GDP per capita and freedom index data. From the Inside the Vault article, “Which Came First—Democ
