10.18: Outcome: Nominal and Real GDP
- Page ID
- 84527
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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.
CC licensed content, Original
- Authored by: Steven Greenlaw and Lumen Learning. License: CC BY: Attribution