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2.6 Real v. Nominal GDP

Part of Economic Indicators and the Business Cycle in AP® Macroeconomics. Read the opening section, then create a free account for the full interactive lesson, practice, and progress tracking.

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Real v. Nominal GDP

Although this concept has already been brought up previously, this unit specifically focuses on the nominal and real values of GDP.

Nominal GDP and Real GDP are two key metrics used to measure the economic output of a country, but they differ in how they account for changes in price levels.

In this unit

9 lessons

  1. 2.1.1GDPPreview lesson
  2. 2.1.2Circular FlowPreview lesson
  3. 2.2Limitations of GDPPreview lesson
  4. 2.3.1UnemploymentPreview lesson
  5. 2.3.2Types of UnemploymentPreview lesson
  6. 2.4Price Indices and InflationPreview lesson
  7. 2.5Costs of InflationPreview lesson
  8. 2.6Real v. Nominal GDPThis lesson
  9. 2.7Business CyclesPreview lesson

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