Teachers will be able to:
- Participate in a couple of short activities that can help their students learn the difference between real GDP and nominal GDP.
- Learn how real GDP is calculated.
This video is available to view for EconEdLink members only.
In this webinar, you will learn to help your students see the difference between GDP and REAL GDP.
“Adjusting for inflation” is one of those phrases students hear a lot, but often goes unexplained. Learning the difference between nominal and real GDP is at the core of adjusting for inflation. In this webinar, we’ll go through the difference between real and nominal and a few quick exercises to help students understand and succeed on the AP test.