Federal Reserve Bank
FRED in the Classroom: Measures of Inflation
Don't just tell class members about how to measure inflation, have them experience it firsthand by asking them to work with real data and construct graphs!
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: 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.
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: Adjusting Nominal Values to Real Values
When you examine economic statistics, it's crucial to distinguish between nominal and real measurements so you know whether or not inflation has distorted a given statistic. Learn how to adjust GDP numbers for inflation in this article....