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Grade 6-8, 9-12

Video

Real vs. Nominal GDP Video Series and Quiz

Time: 30 mins,

Updated: September 26 2019,

Author: , Marginal Revolution University

Teacher Version

Student Version

Objective Standards Summary Description

Objective

Students will be able to:

Define GDP, Nominal GDP, Real GDP, and Real GDP Per Capita.
Explain what each of them measures.

Standards

State Standards

Concepts

Economic Growth, GDP

Open Video

In this economics video series, students will learn about GDP, nominal v. real GDP, GDP Per Capita.

Description

This unit of four videos covers the definition of GDP, nominal v. real GDP, GDP Per Capita, and the global correlation between Real GDP Per Capita and standards of living.

Subjects:

Economics,AP/IB Economics