Howcast -The real gross domestic product of a country measures the value of its economic activity. But how can you calculate it?

In economics, a gross domestic product — or GDP — deflator is a factor that is used to compare today's market prices to the market prices from a previous year. Calculating is simple once you know how.

Learn about the countries that ranked in the top 10 for GDP in the year 2019.

How do we measure the health of an economy? The most common way is by looking at its gross domestic product, or GDP. But what does that mean exactly? Are there any limitations to this approach? What kind of goods are counted towards GDP?...

Hey, this is Jacob Clifford and welcome to the Macro Unit 2 Summary. This unit is about measuring the economy and covers topics like GDP (1:04), the business cycle (6:15), unemployment (7:28), the types of unemployment, the natural rate...

Hey, this is Jacob Clifford and welcome to the Macro Unit 2 Summary (new version). This unit is about measuring the economy and covers topics like GDP (2:17), unemployment (8:16), inflation/CPI (12:47), the business cycle (19:55).

This is videos has 11 practice multiple choice questions for Macroeconomics Unit 2: Measuring the Economy. The questions are designed for AP and college introductory economics. Do your best and feel free to click on the "learn more" link...

This is China: the second-largest economy in the world, home to the largest population in the world, and the most aggressive economic expansion in modern history.



Most people watching this video now would have seen China go...

The GDP deflator is a measure of inflation and is used to convert the nominal GDP into the real GDP. Try doing these three questions to practice using the GDP deflator. Thanks for watching.

Join the hundreds of thousands of students that have used Mr. Clifford's videos and resources to ace your macroeconomics course.

As of the time of this writing, there are between 186 and 192 countries in the world (depending on who you ask).



In this less-than-serious video, let's take a look at the 50 largest nations and see what makes their economies...

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In this video, the presenter talks about the concept of purchasing power in the context of gross domestic product (GDP) and economic growth. He explains the importance of adjusting for inflation and population changes to improve economic...

Welcome to our new video series called "New Economic Thinking." The series will feature dozens of conversations with leading economists on the most important issues facing economics and the global economy today.



This episode...

In this video, the teacher explains the concepts of nominal GDP, inflation rate, real GDP, and the impact of wage increases and unexpected inflation on individuals.

Join the hundreds of thousands of students that have used Mr. Clifford's videos and resources to ace your macroeconomics course.

In this video I explain the difference between nominal and real GDP. Don't forget that Real GDP is adjusted for inflation.

In this video I go over the Macro 2017 FRQ #2. It covers the money market graph, bond prices, and open market operations. Try the question on your own the watch the video to see how you did. Thanks for watching.