Nominal and Real GDP

This Nominal and Real GDP video also includes:

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. 

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CCSS: Adaptable
Instructional Ideas
  • This is a great tool to offer learners as part of a general review of economic concepts, or as a flipped classroom resource.
Classroom Considerations
  • This resource is only available on an unencrypted HTTP website. It should be fine for general use, but don’t use it to share any personally identifiable information
Pros
  • Utilizes a graph in order to illustrate the concept
Cons
  • None
Common Core