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Watch the following videos: Watch the videos on GDP: GDP https://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
- 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 |
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