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Lesson Plan

Khan Academy: Lesson Summary: Real vs. Nominal Gdp

Curated by ACT

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 resource is designed as a review for the AP Macroeconomics Test or a college-level macroeconomics course.

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Concepts
economics, economy, economic indicators, macroeconomics, gross domestic product
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Additional Tags
business cycle, ap macroeconomics, economic indicators and the business cycle, gdp, khan academy, khan academy: lesson summary: real vs. nominal gdp, lesson summary: real vs. nominal gdp, real vs. nominal gdp, nominal gdp, real gdp, gross domestic product, gdp
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Classroom Considerations
  • Knovation Readability Score: 4 (1 low difficulty, 5 high difficulty)
  • The intended use for this resource is Instructional