Oklahoma Social Studies 7.C.7.4
The Standard
- 7.C.7
- Examine and compare economic systems as means by which governments organize and distribute available resources, services, and goods.
Compare the economic measurements of productivity which inform nations of their economic health and growth (e.g., Gross Domestic Product and Gross National Product).
Oklahoma Academic Standards for Social Studies (2026) · 7.C.7
Teacher's field guide
What This Standard Means
What Students Need to Do
- Students compare two ways to measure a country's economic output. They sort production by where it happens for GDP and by who produces it for GNP, then use both figures to discuss growth.
What Mastery Looks Like
- A student counts work done inside a country in GDP, even when the producer is foreign. They count work done by the country's residents abroad in GNP and explain why the two totals can differ.
Common Misconceptions
- Students may count a resident's work abroad in GDP because the money comes home. They may also assume a rising total means every person is better off.
How to Assess It
- Give students three figures: residents produce $80 inside the country and $10 abroad; foreign residents produce $20 inside it. Ask them to calculate GDP and GNP, then explain the difference.
Lesson moves
Ways to Teach It
Give pairs three labeled production cards and have them place each card on GDP and GNP sorting mats.
Ask students to write which measure changes when a local business opens a factory abroad, and why.
Run a four-round card game where teams calculate GDP and GNP as new production cards appear.
Show two years of a country's GDP figures and ask what else they would need to know before claiming people are better off.
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Related Standards
- E.C.9
Identify the basic measures of a nation’s economic output and income.
- E.C.9.1
Examine the differences between the nominal and the real GDP (Gross Domestic Product) and explain how GDP and GNP (Gross National Product) are used to describe ...
- E.C.9.3
Evaluate the impact of self-interest, competition, collusion, technological advancement, standard of living, the business cycle, and fluctuation on the GDP.
- E.C.10.1
Compare fiscal and monetary policy and evaluate the impact each has on economic growth, employment, and price stability.
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