Material Detail

This Excel-based homework activity gives students the opportunity to work with real-world data to gain a deeper understanding of the ways in which economists use GDP, economic growth, business cycles and net exports data. Using historical data from the Bureau of Economic Analysis, students create graphs of growth rates over time, GDP over time, and net exports over time. They also calculate the value of net exports given import and export data. Students prepare a brief report including their graphs and a written explanation of the information included in the graphs (periods of expansion, recession etc.) This project enhances students' ability to work with and interpret economic data and clarifies the difference between changes in growth rates and changes in levels of various economic variables.

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