Federal Reserve Bank
GDP: Does It Measure Up?
Here is resource that offers a very clear explanation for how economists measure economic growth by comparing real GDP over time. There is also an additional worksheet that details the expenditure method and four components for...
Federal Reserve Bank
The Output Gap: A‘Potentially’ Unreliable Measure of Economic Health?
How can we accurately estimate what the economy should produce now and in the future? Have your pupils tackle this question as they learn about real versus potential GDP and as they review data regarding the output gap in...
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
Chapter 12: Fiscal Policy
Uncle Sam wants YOU...to understand fiscal policy! With clear bullet points and informative graphs, your budding economists will understand the finer points of fiscal policy and its implications within the American economy, as well as...
Curated OER
Economic Health Indicators: GDP and CPI Worksheet
Examine the nation's economic health using this GDP and CPI worksheet, which features helpful graphic depictions of complex concepts. The first 2 pages include 17 short-answer questions intended to guide reading from a text (not...
US Department of Commerce
Us Department of Commerce: Home Page
Homepage for the US Department of Commerce. This page contains many links and current information. Read the top stories on the home page or visit the newsroom for more information. You can also browse the "jobs" link.
Other
Measuring Worth: What Was the Gdp Then?
Use this calculator to figure out nominal GDP, real GDP, the GDP deflator, population, nominal GDP per capita, and real GDP per capita between any years from 1790 to 2005.
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...
Texas Education Agency
Texas Gateway: Chapter 11: Aggregate Demand in Keynesian Analysis
By the end of this section, you will be able to do the following: Explain real GDP or real output, recessionary gaps, and inflationary gaps, recognize the Keynesian aggregate demand/aggregate supply model, identify the determining...
US Department of Commerce
Bureau of Economic Analysis: Gross Domestic Product
This site contains links to gross domestic product data prepared by the Bureau of Economic Analysis.
Other
South Western Learning: Real Gross Domestic Product (Gdp)
"Real Gross Domestic Product (GDP)," provides information about GDP in Definition, Updates, Diagrams/Data, Exercises, Connections and Econlinks sections from South-Western College Publishing, 2000.
Council for Economic Education
Econ Ed Link: Inflation Data: Is the Economy Healthy? (Grades 9 12)
This instructional activity asks students to identify sources for macroeconomic data, interpret data, describe the present state of the economy using current data, and use data to predict the state of the economy one year from now.
Council for Economic Education
Econ Ed Link: Widget Production: Producing More Using Less
Through this economics lesson plan you will learn about widget production. One of the tasks is to see how productivity can help solve problems.
Texas Education Agency
Texas Gateway: Ch. 10: Buildling a Model of Aggregate Demand & Aggregate Supply
By the end of this section, you will be able to do the following: Explain the aggregate supply curve and how it relates to real GDP and potential GDP, Explain the aggregate demand curve and how it is influenced by price levels, Interpret...
Khan Academy
Khan Academy: Lesson Summary: The Expenditure and Tax Multipliers
In this lesson summary we cover the key takeaways and terminology related to spending multipliers and tax multipliers. Topics include how to calculate the expenditure multiplier and the tax multiplier.
Khan Academy
Khan Academy: Lesson Summary: Long Run Aggregate Supply
In this lesson summary review and remind yourself of the key terms and graphs related to the long-run aggregate supply curve and its relationship to the stock of resources, technology, and the natural rate of unemployment.
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.
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: Aggregate Demand in Keynesian Analysis
This article examines each component of aggregate demand from the Keynesian perspective. Includes a table summarizing the information in the article, review questions, and critical thinking questions.