• Watch the following videos:

Watch the videos on GDP:

GDPhttps://www.youtube.com/watch?v=yUiU_xRPwMc

Nomimal vs Real GDP https://www.youtube.com/watch?v=29S7FzI7s7g

• Have you found something interesting in the videos. What is it?
• What is the current figure for GDP? You can see that at bea.gov
• GDP is broken down into several components. Which is the largest one? Find the graph that shows this using fred.stlouisfed.org
• What is the difference between real and nominal GDP and which one do you think that is a better measure of economic growth?
• What are some economic activities that are not included in GPD? Why does GPD not account for all economic activity in a country?
• What can the government do to increase GDP?
• What is GNP? Graph it using fred.stlouisfed.org
• What happens if consumer spending is reduced?
• Provide examples of items that count as part of GDP in the following categories

Consumption	Investment	Government	Net exports