This video teaches the concept of Gross Domestic Product (GDP). GDP is the total market value of all final goods and services produced within a country, usually measured over a year.
Aggregate Demand (AD), Aggregate Supply (AS), Gross Domestic Product (GDP), Nominal Gross Domestic Product (GDP), Per Capita Gross Domestic Product (GDP), Potential Gross Domestic Product (GDP), Real Gross Domestic Product (GDP), Business Cycles
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Grades 6-8, 9-12
The students learn what GDP is. They will learn different measures of GDP as well as how GDP per capita can be used to compare countries. They will also calculate GDP per capita and learn how poorer countries can converge, or close the gap, with richer countries.
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