GDP Deflator Practice

This GDP Deflator Practice video also includes:

What is a GDP deflator, and how do we calculate it? Support your learners through this process using this video as a resource, which explains step-by-step how to work with an equation calculating not only the GDP deflator, but also nominal and real GDP.

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CCSS: Adaptable
Additional Tags

Instructional Ideas

  • Excellent model for an instructor to use for their own instruction
Classroom Considerations

  • Queue video to skip initial third-party advertisements
  • Class members should have an understanding of nominal versus real GDP before beginning the video
Pros

  • Includes description of equation for calculating the GDP deflator
  • Provides opportunity for independent practice by asking questions that learners can answer on their own before continuing through video
  • Emphasizes importance of understanding logic behind equation
Cons

  • None
Common Core