Students will be able to:
- Define GDP, Nominal GDP, Real GDP, and Real GDP Per Capita.
- Explain what each of them measures.
In this economics video series, students will learn about GDP, nominal v. real GDP, GDP Per Capita.
This unit of four videos covers the definition of GDP, nominal v. real GDP, GDP Per Capita, and the global correlation between Real GDP Per Capita and standards of living.
Presenter: Minnesota Council on Education