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We found 5 resources with the keyterm nominal gdp
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Here is resource that offers a very clear explanation for how economists measure economic growth by comparing real GDP over time. There is also an additional learning exercise that details the expenditure method and four components for...
What is a GDP deflator, and how do we calculate it? Support your learners through this process using this video as a resource, which explains step-by-step how to work with an equation calculating not only the GDP deflator, but also...
How can we provide a true measurement of GDP when dollar values increase over time as a result of inflation? Review the concept of nominal versus real GDP with your class members with this quick and informative video.
Young economists will enjoy this approachable and informative presentation. It is full of helpful graphs and definitions. Especially interesting will be the graph that measures the global perspective of the underground economy as a...
Examine the nation's economic health using this GDP and CPI activity, which features helpful graphic depictions of complex concepts. The first 2 pages include 17 short-answer questions intended to guide reading from a text (not...