Sophia: Gross Domestic Product

Here is resource that offers a very clear explanation for how economists measure economic growth by comparing real GDP over time. There is also an additional worksheet that details the expenditure method and four components for...

Using the classic game of Monopoly and a revised set of rules in this resource, your class members will discover how GDP is calculated and practice enacting expansionary or contractionary fiscal policies. What a great way to learn about...

Young economists will enjoy this approachable and informative presentation. It is full of helpful graphs and definitions. Especially interesting will be the graph that measures the global perspective of the underground economy as a...

How can the Federal Reserve affect the gross domestic product of America? Find out how the duties of the Fed coincide with the GDP and unemployment rate of the country with a short video from the Federal Reserve Bank of Atlanta.

Does the economy needs a check-up? Scholars analyze the gross domestic product (GDP) to determine the overall health of the current economy. They use a short video clip as well as economic data to determine the current growth of the...

We know that businesses can make a profit and improve their worth, but can a nation do the same? Scholars investigate the Gross Domestic Product in the seventh video lesson of a 10-part economic series. They analyze how a nation creates...

Can people take the temperature of the economy to check its overall health? The 13th installment of a 21-part Economic Lowdown podcast series investigates the concept of the gross domestic product (GDP). Scholars research the goods and...

Young economists answer a series of critical thinking questions as they analyze real data that shows GDP Growth. They examine the provided charts, read through the background information, and discuss changes that occurred in the third...

Practice what you've learned about real GDP, nominal GDP, and the GDP deflator in this exercise.

In this lesson summary review and remind yourself of the key terms and calculations used in calculating real and nominal GDP. Topics include the distinction between real and nominal GDP and how to calculate and use the GDP deflator. This...