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.

The video is a lecture presentation on poverty and its economic consequences within an economic system. The video discusses the two main forms of poverty in the UK: absolute poverty and relative poverty. The speaker also explores the...

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...

In this video I explain of how to calculate CPI for different base years. Make sure to try it on your own in the bonus round.

The video discusses the essential quantitative skills that modern-day economists should possess to successfully handle and interpret data and statistics related to economies, trade figures, and budget figures. The video goes over various...

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.

In this video I explain of how to calculate CPI for different base years. Make sure to try it on your own in the bonus round.

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.

Hey econ students! Thank you for watching my videos. I really appreciate it. In this video I quickly go over the difference between the inflation rate and the Consumer Price Index (CPI) and then give you several practice problems. Be...

In this video, the presenter discusses the mathematical concept of index numbers. He explains that index numbers are a technique for converting the value of a variable into a format that makes changes in a data series and comparisons...

Hey econ students! Thank you for watching my videos. I really appreciate it. In this video I quickly go over the difference between the inflation rate and the Consumer Price Index (CPI) and then give you several practice problems. Be...