GDP Basics: Nominal vs Real, the Deflator and Growth
This lesson is part of the course
In this lesson
You add up GDP from spending, split nominal growth into real growth and inflation, and check growth per person.
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Lessons in this course
- Supply & Demand: Equilibrium, Price Ceilings and a Tax Locked
- Price Elasticity of Demand: Midpoint Method & Revenue Locked
- Cost Curves & the Profit-Maximising Output (MC = MR) Locked
- Market Structures: Monopoly vs Competition from a Demand Table Locked
- Inflation & Real vs Nominal: Using a CPI Locked
- Interest Rates, Inflation & the Fisher Equation Locked
- GDP Basics: Nominal vs Real, the Deflator and Growth Locked
- Exchange Rates, Purchasing Power & Your Margin Locked