Texas Education Agency
Texas Gateway: Chapter 5: Adjusting Nominal Values to Real Values
By the end of this section, you will be able to contrast nominal GDP and real GDP, explain the GDP deflator, and calculate real GDP based on nominal GDP values.
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.
Texas Education Agency
Texas Gateway: Chapter 5: Macroeconomic Perspective: Key Concepts and Summary
This section provides a summary of each of the key concepts covered in Chapter 5: Macroeconomic Perspective.
Texas Education Agency
Texas Gateway: Chapter 5: How Well Gdp Measures the Well Being of Society
By the end of this section, you will be able to discuss how productivity influences the standard of living, explain the limitations of GDP as a measure of the standard of living, and analyze the relationship between GDP data and...
Texas Education Agency
Texas Gateway: Chapter 5: Comparing Gdp Among Countries
By the end of this section, you will be able to explain how GDP can be used to compare the economic welfare of different nations, calculate the conversion of GDP to a common currency by using exchange rates, and calculate GDP per capita...
Texas Education Agency
Texas Gateway: Macroeconomics: Chapter 5: Tracking Real Gdp Over Time
By the end of this section, you will be able to explain recessions, depressions, peaks, and troughs; evaluate the importance of tracking real GDP over time; and analyze the impact of economic fluctuations on a country's output and price...
Texas Education Agency
Texas Gateway: Ch. 18: Diversity of Countries and Economies Across the World
By the end of this section, you will be able to do the following: Analyze GDP per capita as a measure of the diversity of international standards of living; Identify what classifies a country as low-income, middle-income, or high-income;...