Activity 01
Classroom Economy Simulation: GDP Calculation
Assign roles like farmers, miners, and shopkeepers to students. Have them produce and 'sell' paper goods or services, recording transactions on worksheets. Groups tally total value produced to compute class GDP, then discuss inclusions and exclusions.
Explain what Gross Domestic Product (GDP) measures.
Facilitation TipDuring the Classroom Economy Simulation, circulate with printed production cards so students physically categorize only final goods to reinforce the concept of value-added.
What to look forProvide students with a scenario describing a country's economic activities. Ask them to identify which activities would be included in GDP and list two things GDP does not measure that are important for well-being.