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Real vs. Nominal Video and Quiz
Source: Council for Economic Education (EconEdLink) | Type: Interactive Tool

This video teaches the concept of Real GDP vs. Nominal GDP.

Grades:

• 6-8
• 9-12

Concepts:

• Gross Domestic Product (GDP)
• Inflation
• Nominal Gross Domestic Product (GDP)
• Real Gross Domestic Product (GDP)
• Real vs. Nominal

Standards:

• Economics 19: Unemployment and Inflation

Related Resources:

• Gross Domestic Product (GDP) Video and Quiz
• Inflation Video and Quiz
• Focus on Economic Data: U.S. Real Gross Domestic Product, April 30, 2008

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