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Macro 2.6 Real vs Nominal GDP
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This video covers topic 2.6 of the AP Macroeconomics Course Exam Description (CED). Here, you will learn the difference between nominal and real, how to calculate the GDP Deflator, and use the GDP Deflator to adjust for inflation. To read more about this topic, head to this link: https://www.reviewecon.com/deflator-and-cpi To get more practice with the skills needed to ace these exams, head to ReviewEcon.com where there are lots of games and activities to help you practice. https://www.reviewecon.com/games-activities To support this channel, like and subscribe, then purchase the Total Review Booklet from ReviewEcon.com: https://www.reviewecon.com/total-review-packet Follow me on twitter: http://twitter.com/apeconguy/ or Follow me on facebook: http://facebook.com/reviewecon/ Note: AP©, Advanced Placement Program©, and College Board© are registered trademarks of the College Board, which was not involved in the production of, and does not endorse, this material. I would like to acknowlege the work of Dick Brunelle and Steven Reff from Reffonomics.com who’s work inspired many of the review games on ReviewEcon.com. I would also like to thank Francis McMann, James Chasey, and Steven Reff who taught me how to be an effective AP Economics teacher at AP summer institutes; as well as the countless high school teachers, and college professors from the AP readings, economics facebook groups, and #econtwitter.
YouTube url:
https://www.youtube.com/watch?v=2AU_X7XRlZs
Created:
1. 7. 2023 15:47:48