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This Nominal and Real GDP instructional video also includes:
How can we provide a true measurement of GDP when dollar values increase over time as a result of inflation? Review the concept of nominal versus real GDP with your class members with this quick and informative video.
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CCSS:
Adaptable
Concepts
Additional Tags
Instructional Ideas
- This is a great tool to offer learners as part of a general review of economic concepts, or as a flipped classroom resource.
Classroom Considerations
- This video is hosted on YouTube
Pros
- Utilizes a graph in order to illustrate the concept
Cons
- None