Unit 3: Lesson 16 - Making Choices About Saving and Investing This lesson introduces the distinction between savings and the investment. It demonstrates how the price of money --the interest rate--is critical to making the right savings and investment choices. It explains when, under various conditions, it is or is not in people's best interest to save. Concepts: - Choice
- Inflation
- Saving
- Interest
- Investment
- Loanable Funds Market
- Purchasing Power
- Savings
Standards: - Standard #2: Decision Making
- Standard #12: Interest Rates
 Unit 6: Lesson 33 - Gross Domestic Product (GDP) and How to Measure It Students examine GDP. They distinguish between nominal and real GDP. They study how GDP is comprised of household spending on consumption goods and services (C), business investment spending (I), government spending on goods and services (G), and net exports (X-M). They participate in a simulation in which they classify economic events into the categories C, I, G, or (X-M), and predict whether the event will lead to an increase or decrease in GDP. Concepts: - Exports
- Gross Domestic Product (GDP)
- Imports
- Investment
- Consumption
- Government Spending
- Net Exports
Standards: - Standard #18: Economic Fluctuations
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