171 Outcome: Nominal and Real GDP

What you’ll learn to do: differentiate between nominal GDP and real GDP

In this section, you will develop a deeper understanding of GDP as you learn about how it is adjusted for price changes.

The specific things you’ll learn in this section include:

Use the GDP price index to compute real GDP from nominal GDP

LEARNING ACTIVITIES

The learning activities for this section include:

Reading: Real GDP
Reading: Converting Nominal to Real GDP
Self Check: Nominal and Real GDP

Take time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.

License

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ACC Principles of Macroeconomics by Lumen Learning is licensed under a Creative Commons Attribution 4.0 International License, except where otherwise noted.

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