Macro Unit 2: Economic Indicators and the Business Cycle - Macro Unit 2.6A- Nominal and Real GDP Advanced Placement Macroeconomics

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2.3 hours of video
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Summary

Keywords

Nominal GDP Real GDP macroeconomics inflation Advanced Placement

Full Transcript

In this video I explain the difference between nominal and real GDP. Don't forget that Real GDP is adjusted for inflation. Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class. Please subscribe. If you need more help, check out my Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji