Ch 70: Measuring the Economy - ORELA Middle Grades Social Science

About This Chapter

This Measuring the Economy chapter can help you recall economic concepts you've studied previously. A thorough comprehension of related topics will help you when you take the ORELA Middle Grades Social Science exam.

Measuring the Economy: ORELA Middle Grades Social Science - Chapter Summary

To help prepare you for the ORELA Middle Grades Social Science test, this chapter will focus on the economy and the various components involved in its measurement. Subjects reviewed include the following:

  • The circular flow of services, resources, and goods in the economy
  • Gross Domestic Product as a method of economic measurement and how it contributes to economic growth
  • Items that are excluded from production on a national scale
  • The contrasts between investment and investments

Each video lesson is accompanied by a full transcript that features highlighted terms that will help your studying process. If you need any assistance, you may submit your question to our expert instructors. Remember to take the quizzes at the end of each lesson to practice answering multiple-choice questions about the economy.

Measuring the Economy- ORELA Middle Grades Social Science Chapter Objectives

The ORELA Middle Grades Social Science test will assess your knowledge of content that you will teach in a middle school social science classroom. Out of the approximately 150 multiple-choice questions on the exam, 12% will focus on economics topics. The lessons presented in this chapter relate directly to the objective of understanding basic economics and will ready you for any questions the exam may ask regarding the Gross Domestic Product, investments, and other aspects of the economy. By using these lessons and taking each self-assessment quiz, you gain the confidence and knowledge necessary for successfully completing the economics questions on this exam.

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Other Chapters

Other chapters within the ORELA Middle Grades Social Science: Practice & Study Guide course