Definition of GDP
Provide a definition of GDP, what it measures, and how it is calculated.
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Modules
16-30 min
GDP: Measurement and Growth
OVERVIEW
This interactive assignment teaches how GDP is measured, the difference between real and nominal GDP, the difference between levels of GDP and percentage change in GDP, and what a trend growth rate is.
Related Resources
VIDEO Q&A
0-15 MIN
LESSONS & ACTIVITIES
31-45 MIN
The Information Creation Process: Exploring Data Sources and Aggregators
Learn about the difference between data aggregators and data sources.
INFOGRAPHICS & COMICS
Infographic Posters
Browse infographics for your classroom.
READING Q&A
16-30 MIN
Minding the Output Gap: What Is Potential GDP and Why Does It Matter?
This issue of Page One Economics® explains how the output gap is useful for checking the health of the economy.
AUDIO Q&A
Econ Lowdown Podcast Series
21 Economics audio assignments for your classroom
LESSONS & ACTIVITIES
0-15 MIN
Analyzing the Elements of Real GDP in FRED Using Stacking Activity
Graph gross domestic product's (GDP) components over time.
