Curated OER
Chapter 7: Measuring Domestic Output, National Income, and the Price Level
Young economists will enjoy this approachable and informative presentation. It is full of helpful graphs and definitions. Especially interesting will be the graph that measures the global perspective of the underground economy as a...
Curated OER
Hey, Mom! What's for Breakfast?
Students examine how he world eats breakfast. In this food choices lesson, students work in groups to list breakfast foods and their ingredients and find goods and consumers on the list. The, students use the Internet to complete a...
Khan Academy
Khan Academy: Lesson Summary: Real vs. Nominal Gdp
In this lesson summary review and remind yourself of the key terms and calculations used in calculating real and nominal GDP. Topics include the distinction between real and nominal GDP and how to calculate and use the GDP deflator. This...
Khan Academy
Khan Academy: Real vs. Nominal Gdp
Practice what you've learned about real GDP, nominal GDP, and the GDP deflator in this exercise.
Texas Education Agency
Texas Gateway: Ch. 5: Measuring the Size of the Economy: Gross Domestic Product
By the end of this section, you will be able to identify the components of gross domestic product on the demand side and on the supply side; evaluate how gross domestic product is measured; and contrast and calculate gross domestic...
Khan Academy
Khan Academy: Adjusting Nominal Values to Real Values
When you examine economic statistics, it's crucial to distinguish between nominal and real measurements so you know whether or not inflation has distorted a given statistic. Learn how to adjust GDP numbers for inflation in this article....
Khan Academy
Khan Academy: Nominal vs. Real Interest Rates
Practice what you've learned about the distinction between the nominal interest rate and the real interest rate, as well as how to calculate both of these key measures.
Council for Economic Education
Econ Ed Link: Avatar, King of the Box Office?
On January 26, 2010, the film Avatar officially topped Titanic as the top-grossing film of all-time at the box office. However, the following day, Forbes.com published an article entitled Is Avatar Really King of the Box Office? The...
Texas Education Agency
Texas Gateway: Chapter 5: Macroeconomic Perspective: Review Questions
This section offers 10 review study questions over the content of Chapter 5: The Macroeconomic Perspective.