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 PriceTrade 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.

Economy, worldSuccessfulNaturalInventResourcesAgriculturalFood surplusMarketChoicesmarket

Lesson #5 Guided Notes

FreeStandardHighNo answer, consumersTrading, Canada, Mexico, and JapanStrongerInternationalBalanceImportsdeficit

Lesson #5 Guided Notes

WealthWorldContinuallyAgricultural, manufacturingGoods, servicesTourism, servicetechnologyeducation

Lesson #5 Guided Notes

United States

Canada Mexico

GDP

GDP Per Capita

Unemployment

exchange rate

United States

Canada Mexico

GDP 16.24

Trillion (1)

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)

exchange rate 1.03

Canadian

Dollar

12.76

Pesos

(RANK IN THE WORLD)

Freedom in Economy

DO NOW 2-27-15

Write four ways that freedom is represented in our economy!!!

Freedom in EconomyMarket 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. false4. false... it imports more than it exports5. true6. false…they are an example of service

industries7. true8. true