2020 Level 2
Recognition for
SAMAR STATE UNIVERSITY Proficiency In
Arteche Blvd., Catbalogan City, Philippines 6700 Quality Management
College of Education
DETAILED LESSON PLAN IN SS 9 - MACROECONOMICS
UNIT II Date: February 20, 2023
BSED SOCIAL STUDIES II
I. OBJECTIVES
At the end of the lesson, students are expected to:
a. Explain the true definition of Gross Domestic Product;
b. Distinguish what products and services are included in the GDP; and
c. Demonstrate an understanding of the importance of using GDP as an economic measure.
II. SUBJECT MATTER
A. Topic Gross Domestic Product
III. LEARNING RESOURCES
A. References Learning Packet 2: Macroeconomics
B. Materials Laptop, LED Projector
IV. PROCEDURE
TEACHER’S ACTIVITY STUDENTS’ ACTIVITY
A. Preparatory/
Preliminary Activities
a. Prayer
Everyone, please stand up and let
us pray. (Prays)
b. Greetings
Good morning, class!
Good morning, Ma’am Ellema!
c. Checking of Attendance
Are there any absents?
There are none, Ma’am.
Okay, that is good to hear.
d. Review of the previous lesson
Identify whether the situation (The students will follow the
suggests the concept of instructions that were given.)
SHORTAGE or SURPLUS.
STOMP your foot if it is
SHORTAGE and JUMP if it is
SURPLUS.
• The supplied onions by Aling
Cristy ended up rotten as • Surplus (Jump)
there were only a few • Shortage (Stomp)
2020 Level 2
Recognition for
SAMAR STATE UNIVERSITY Proficiency In
Arteche Blvd., Catbalogan City, Philippines 6700 Quality Management
College of Education
customers that were willing to • Surplus (Jump)
buy them as it was very • Shortage (Stomp)
expensive. • Surplus (Jump)
• JM was not able to buy his
boyfriend a cake on
Valentine’s Day as the seller
had only limited slots
available.
• Maureen was not able to sell
all of her designer clothes.
• Kathleen was not able to go to
her favorite salon in town
because it was full of
customers.
• Mang Redentor gave all the
leftover food that he was
selling to street children.
B. Developmental a. Presentation of the Lesson (The students will be
Activities cooperative and participative
Five (5) Different Measures of throughout the discussion.)
Economy
• Gross Domestic Product (GDP)
• Net Domestic Product (NDP)
• National Income (NI)
• Personal Income (PI
• Disposable Income (DI)
Gross Domestic Product - It is a
monetary measure of all the final goods
and services provided by a country
within a year. It is the most important
economic statistic.
GROSS – products are counted
regardless of subsequent use.
DOMESTIC – geographical inclusion
criteria
PRODUCT – final goods and services
sold on the market.
GDP HISTORY
William Petty - The idea of measuring
the economy sprouted in 1670. An
English scientist pioneering the use of
real-world data rather than relying on
logical reasoning. He decided to
2020 Level 2
Recognition for
SAMAR STATE UNIVERSITY Proficiency In
Arteche Blvd., Catbalogan City, Philippines 6700 Quality Management
College of Education
express himself only in terms of
‘numbers, weight & measure’.
Included in GDP Excluded in
GDP
Final goods and • Unpaid work
services sold in • Goods not
the market and produced for
also includes sale in the
some nonmarket marketplace
production. • Illegal activities
• Sales of used
goods
• Intermediate
goods
To avoid multiple counting, the value-
added approach is used. This is to
estimate the value of the final good, the
value of each intermediate good is
added together.
b. Activity
What’s included in the Philippines’
GDP?
Instruction: Random products and
services will be shown and you will
identify whether that good is included or
excluded in the Phillippines’ GDP.
1. HOUSE
Your parents sold your childhood home
this year. (You live in the Philippines)
• No, it is not included
• Yes, it is included
• Yes, it is included
• No, it is not included
2. ANGKAS
Nicole booked Angkas to go to her
workplace.
2020 Level 2
Recognition for
SAMAR STATE UNIVERSITY Proficiency In
Arteche Blvd., Catbalogan City, Philippines 6700 Quality Management
College of Education
3. CANDLE
Your friend bought a candle made
locally in Cebu City.
4. NETFLIX
You purchased a subscription to Netflix
this year.
c. Analysis
Process Questions:
• Why was your childhood house • Your childhood home
not included in the GDP? wasn't created this year,
• Why was Angkas included in so even if the sale
the GDP? occurred this year, it
isn't counted.
• Why was a candle from Cebu
City included in the GDP? • An Angkas ride is a
service provided this
• Why was Netflix not included in
year in the Philippines,
the GDP despite you paying it
so it counts towards the
here in Philippines?
Philippines’ GDP.
• This is a final good
made in the Philippines
and sold this year, so it
definitely counts
towards GDP.
2020 Level 2
Recognition for
SAMAR STATE UNIVERSITY Proficiency In
Arteche Blvd., Catbalogan City, Philippines 6700 Quality Management
College of Education
• Netflix is a company
that provides a service
but is not based in the
Philippines, so it does
not count toward the
Philippines’ GDP.
e. Abstraction
As a citizen of this country, what’s the
importance of learning GDP?
Yes, JM.
Ma’am, it is important that each
of us know what is GDP and its
purpose to our country because
we are the ones that create buy
these goods and services. We
are all involved that is why we
should all be knowledgeable
about it.
That is right, JM. Learning what GDP is
extremely important for the reason that it
will help us understand the economic
status of the country that we are living in.
f. Application
Do you think that our country, the
Philippines, is doing good based on its
GDP?
Any idea, Jennilyn?
According to what I have read,
ma’am, the Philippine economy
has ended 2022 with the fastest
growth in more than 40 years.
Thank you, Jennilyn!
Are there any clarifications regarding our
topic?
None, ma’am.
Okay if there is none, we will now
proceed with our assessment.
V. ASSESSMENT
Instruction: On a ¼ sheet of paper, answer the following questions. Write only the letter of
your answer. Each question is timed for 1 minute before proceeding to the next one. Past
questions will not be retracted. Answer carefully and swiftly!
2020 Level 2
Recognition for
SAMAR STATE UNIVERSITY Proficiency In
Arteche Blvd., Catbalogan City, Philippines 6700 Quality Management
College of Education
1. A nation's gross domestic product (GDP):
A) is the dollar value of the total output produced within the borders of the nation.
B) is the dollar value of the total output produced by its citizens, regardless of where they are
living.
C) can be found by summing C + I + S + Xn.
D) is always some amount less than its C + I + G + Xn.
2. A nation's gross domestic product (GDP):
A) can be found by summing C + I + G + Xn.
B) is the dollar value of the total output produced by its citizens, regardless of where they are
living.
C) can be found by summing C + S + G + Xn.
D) is always some amount less than its NDP.
3. The GDP is the:
A) monetary value of all final goods and services produced within a nation in a particular
year.
B) national income minus all non income charges against output.
C) monetary value of all economic resources used in producing a year's output.
D) monetary value of all goods and services, final and intermediate, produced in a specific
year.
4. GDP includes:
A) neither intermediate nor final goods.
B) both intermediate and final goods.
C) intermediate, but not final, goods.
D) final, but not intermediate, goods.
5. National income accountants can avoid multiple counting by:
A) including transfers in their calculations.
B) counting both intermediate and final goods.
C) only counting final goods.
D) only counting intermediate goods.
6. Final goods and services refer to:
A) goods and services that are unsold and therefore added to inventories.
B) goods and services whose value has been adjusted for changes in the price level.
C) goods and services purchased by ultimate users, rather than for resale or further
processing.
D) the excess of U.S. exports over U.S. imports.
7. If intermediate goods and services were included in GDP:
A) the GDP would then have to be deflated for changes in the price level.
B) nominal GDP would exceed real GDP.
C) the GDP would be overstated.
D) the GDP would be understated.
8. Which of the following is a final good or service?
2020 Level 2
Recognition for
SAMAR STATE UNIVERSITY Proficiency In
Arteche Blvd., Catbalogan City, Philippines 6700 Quality Management
College of Education
A) diesel fuel bought for a delivery truck
B) fertilizer purchased by a farm supplier
C) a haircut
D) Chevrolet windows purchased by a General Motors assembly plant
9. By summing the values added at each stage in the production of some good we obtain:
A) the price of that good.
B) the total income generated by that good's production.
C) the total cost (including profits) of that product.
D) all of the above.
10. GDP includes:
A) neither intermediate nor final goods.
B) both intermediate and final goods.
C) intermediate, but not final, goods.
D) final, but not intermediate, goods.
VI. ASSIGNMENT/HOMEWORK/AGREEMENT
Have an advance reading regarding our next lesson, and the other economic measures, and
be ready for our discussion.
VII. REMARKS
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VIII. REFLECTION
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Prepared by: Approved by:
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ROYCE ANN ELLEMA JULIE ANN QUILATAN
Pre-Service/Practice Teacher Resource Teacher/Mentor