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Grade 9-12
,
On-Demand Webinar

AP Macro Unit 2: Real vs. Nominal GDP

Time: 60 mins,
Presenter: Council for Economic Education
Teacher Version
Objective Standards Summary Description Resources
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Objective

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.

Standards

State Standards

Concepts

GDP

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.

Description

“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.

Resources

Subjects:

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