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.