{"id":380,"date":"2015-05-04T16:01:10","date_gmt":"2015-05-04T16:01:10","guid":{"rendered":"https:\/\/courses.candelalearning.com\/masterymacro1xngcxmaster\/?post_type=chapter&#038;p=380"},"modified":"2016-06-20T23:17:00","modified_gmt":"2016-06-20T23:17:00","slug":"learning-outcome-nominal-and-real-gdp","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/suny-hccc-macroeconomics\/chapter\/learning-outcome-nominal-and-real-gdp\/","title":{"raw":"Outcome: Nominal and Real GDP","rendered":"Outcome: Nominal and Real GDP"},"content":{"raw":"<h2>What you'll learn to do:\u00a0differentiate between nominal GDP and real GDP<\/h2>\r\nIn this section, you\u00a0will develop a deeper understanding of GDP as\u00a0you learn about how it is\u00a0adjusted for price changes.\r\n\r\nThe specific things you\u2019ll learn in this section include:\r\n<ul>\r\n\t<li>Use the GDP price index to compute real GDP from nominal GDP<\/li>\r\n<\/ul>\r\n<h3>LEARNING ACTIVITIES<\/h3>\r\nThe learning activities for this section include:\r\n<ul>\r\n\t<li>Reading: Real GDP<\/li>\r\n\t<li>Reading: Converting Nominal to Real GDP<\/li>\r\n\t<li>Self Check: Nominal and Real GDP<\/li>\r\n<\/ul>\r\nTake time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.","rendered":"<h2>What you&#8217;ll learn to do:\u00a0differentiate between nominal GDP and real GDP<\/h2>\n<p>In this section, you\u00a0will develop a deeper understanding of GDP as\u00a0you learn about how it is\u00a0adjusted for price changes.<\/p>\n<p>The specific things you\u2019ll learn in this section include:<\/p>\n<ul>\n<li>Use the GDP price index to compute real GDP from nominal GDP<\/li>\n<\/ul>\n<h3>LEARNING ACTIVITIES<\/h3>\n<p>The learning activities for this section include:<\/p>\n<ul>\n<li>Reading: Real GDP<\/li>\n<li>Reading: Converting Nominal to Real GDP<\/li>\n<li>Self Check: Nominal and Real GDP<\/li>\n<\/ul>\n<p>Take time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.<\/p>\n\n\t\t\t <section class=\"citations-section\" role=\"contentinfo\">\n\t\t\t <h3>Candela Citations<\/h3>\n\t\t\t\t\t <div>\n\t\t\t\t\t\t <div id=\"citation-list-380\">\n\t\t\t\t\t\t\t <div class=\"licensing\"><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Original<\/div><ul class=\"citation-list\"><li><strong>Authored by<\/strong>: Steven Greenlaw and Lumen Learning. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t <\/div>\n\t\t\t <\/section>","protected":false},"author":74,"menu_order":18,"template":"","meta":{"_candela_citation":"[{\"type\":\"original\",\"description\":\"\",\"author\":\"Steven Greenlaw and Lumen 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