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: 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...