Reflect
Write a reflection about your learning in this unit. Your reflection should be at least three sentences. Use the following sentence starters as a guide.
I feel confident calculating Nominal GDP, Real GDP, and other economic indicators and can successfully use these indicators to draw conclusions because _________.
I am having difficulty understanding the different types of unemployment and how unemployment is calculated because _________.
Understanding the concept of inflation is important to help me make more educated decisions in regard to my saving and spending because __________.
The federal government can help to alleviate poverty and increase quality of life for those living below the poverty threshold by ____________.
Developing and improving job skills and the ability to adapt to changes in the market and workplace will help me ___________.
I feel confident calculating Nominal GDP, Real GDP, and other economic indicators and can successfully use these indicators to draw conclusions because I have practiced and mastered the formulas and concepts through various assignments and activities in this unit.
Understanding the concept of inflation is important to help me make more educated decisions in regard to my saving and spending because it allows me to anticipate and adjust for the rising cost of goods and services over time, ensuring that I can maintain my financial stability.
Developing and improving job skills and the ability to adapt to changes in the market and workplace will help me stay competitive in the job market, advance my career, and secure better job opportunities in the future.