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


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.