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QR Challenge: Gr. 11 Macroeconomics

Created using the ClassTools QR Treasure Hunt Generator

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Teacher Notes

A. Prior to the lesson:

1. Arrange students into groups. Each group needs at least ONE person who has a mobile device.

2. If their phone camera doesn't automatically detect and decode QR codes, ask students to

3. Print out the QR codes.

4. Cut them out and place them around your class / school.

B. The lesson:

1. Give each group a clipboard and a piece of paper so they can write down the decoded questions and their answers to them.

2. Explain to the students that the codes are hidden around the school. Each team will get ONE point for each question they correctly decode and copy down onto their sheet, and a further TWO points if they can then provide the correct answer and write this down underneath the question.

3. Away they go! The winner is the first team to return with the most correct answers in the time available. This could be within a lesson, or during a lunchbreak, or even over several days!

C. TIPS / OTHER IDEAS

4. A detailed case study in how to set up a successful QR Scavenger Hunt using this tool can be found here.

Questions / Answers (teacher reference)

Question

Answer

1. 1. Why is it important that only the final value of goods and services is measured in calculating the GDP?multiple counting.
2. 2. The full employment in Canada has a natural rate of unemployment which is between6 and 7% .
3. 3. What is the equation for the unemployment rate?unemployment rate= #of unemployed/labour force x 100.
4. 4. The ability to obtain quantitative or qualitative products/service to meet needs or wants is the definition of?Standard of living.
5. 5. Population size is an example of...Drawbacks to GDP. .
6. 6. The employment situation that is insufficient in some way for the worker relative to a standard is known as?under employment
7. 7. What are the components of the GDP expenditure formula?C=consumption, G= government purchases, I= investment, (X-M)= net exports.
8. 8. What are the 4 layers of the “onion” that have to be identified in order to consider the unemployment rate Population, institutionalized, eligible, labour force.
9. 9.The total that is spent on all final goods and services in a year is known asthe expenditure approach.
10. 10. ____________ ______________ allow us to look at the role and impact of specific industries on the whole economy.Performance measures.
11. 11. What is the unemployment rate given: the labour force is 24,946,000 and the number of unemployed is 1,528,000.unemployment rate of 6.1.
12. 12. What are the 2 formulas needed in order to calculate the inflation rate?price index (=$ of basket in current year/$ of basket in base year x100) and inflation rate (=CPIyr 2-CPI yr1/ CPI yr1 x100).
13. 13. What does CPI stand for?Consumer Price Index
14. 14. Inflation means that all prices are rising, but at different rates.False
15. 15. A country's consumer price index was 124.0 at the end of year 1 and 130.7 at the end of year 2. What is the rate of inflation during year 2?5.4 percent

 


Gr. 11 Macroeconomics: QR Challenge

https://www.classtools.net/QR/decode.php?text=1._Why_is_it_important_that_only_the_final_value_of_goods_and_services_is_measured_in_calculating_the_GDP?

Question 1 (of 15)

 


Gr. 11 Macroeconomics: QR Challenge

https://www.classtools.net/QR/decode.php?text=2._The_full_employment_in_Canada_has_a_natural_rate_of_unemployment_which_is_between

Question 2 (of 15)

 


Gr. 11 Macroeconomics: QR Challenge

https://www.classtools.net/QR/decode.php?text=3._What_is_the_equation_for_the_unemployment_rate?

Question 3 (of 15)

 


Gr. 11 Macroeconomics: QR Challenge

https://www.classtools.net/QR/decode.php?text=4._The_ability_to_obtain_quantitative_or_qualitative_products/service_to_meet_needs_or_wants_is_the_definition_of?

Question 4 (of 15)

 


Gr. 11 Macroeconomics: QR Challenge

https://www.classtools.net/QR/decode.php?text=5._Population_size_is_an_example_of...

Question 5 (of 15)

 


Gr. 11 Macroeconomics: QR Challenge

https://www.classtools.net/QR/decode.php?text=6._The_employment_situation_that_is_insufficient_in_some_way_for_the_worker_relative_to_a_standard_is_known_as?

Question 6 (of 15)

 


Gr. 11 Macroeconomics: QR Challenge

https://www.classtools.net/QR/decode.php?text=7._What_are_the_components_of_the_GDP_expenditure_formula?

Question 7 (of 15)

 


Gr. 11 Macroeconomics: QR Challenge

https://www.classtools.net/QR/decode.php?text=8._What_are_the_4_layers_of_the_“onion”_that_have_to_be_identified_in_order_to_consider_the_unemployment_rate

Question 8 (of 15)

 


Gr. 11 Macroeconomics: QR Challenge

https://www.classtools.net/QR/decode.php?text=9.The_total_that_is_spent_on_all_final_goods_and_services_in_a_year_is_known_as

Question 9 (of 15)

 


Gr. 11 Macroeconomics: QR Challenge

https://www.classtools.net/QR/decode.php?text=10.______________________________allow_us_to_look_at_the_role_and_impact_of_specific_industries_on_the_whole_economy.

Question 10 (of 15)

 


Gr. 11 Macroeconomics: QR Challenge

https://www.classtools.net/QR/decode.php?text=11._What_is_the_unemployment_rate_given:_the_labour_force_is_24,946,000_and_the_number_of_unemployed_is_1,528,000.

Question 11 (of 15)

 


Gr. 11 Macroeconomics: QR Challenge

https://www.classtools.net/QR/decode.php?text=12._What_are_the_2_formulas_needed_in_order_to_calculate_the_inflation_rate?

Question 12 (of 15)

 


Gr. 11 Macroeconomics: QR Challenge

https://www.classtools.net/QR/decode.php?text=13._What_does_CPI_stand_for?

Question 13 (of 15)

 


Gr. 11 Macroeconomics: QR Challenge

https://www.classtools.net/QR/decode.php?text=14._Inflation_means_that_all_prices_are_rising,_but_at_different_rates.

Question 14 (of 15)

 


Gr. 11 Macroeconomics: QR Challenge

https://www.classtools.net/QR/decode.php?text=15._A_country's_consumer_price_index_was_124.0_at_the_end_of_year_1_and_130.7_at_the_end_of_year_2._What_is_the_rate_of_inflation_during_year_2?

Question 15 (of 15)