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GDP: Measuring the Economy – Key Concepts in Macroeconomic Output and Income

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Expenditure Approach for Measuring GDP

  • Percorso guidato
    Calculating GDP Using the Expenditure Approach
    02:31

Detailed Explanation of GDP Components

  • Percorso guidato
    Government Purchases and Net Exports
    02:12
  • Percorso guidato
    Consumption
    02:38
  • Percorso guidato
    Investment
    02:01

Nominal GDP and Real GDP

  • Percorso guidato
    Nominal GDP and Real GDP
    09:15
  • Percorso guidato
    Inflation and the GDP Deflator
    03:04

Circular Flow Diagram

  • Percorso guidato
    Households and Firms
    01:32
  • Percorso guidato
    The Circular Flow Diagram
    04:20

Inflation and Consumer Price Index (CPI)

  • Percorso guidato
    Calculating CPI and Inflation Rate
    08:35
  • Percorso guidato
    Consumer Price Index (CPI)
    04:40
  • Percorso guidato
    Inflation
    03:34

Shortcomings of GDP

  • Percorso guidato
    Shortcomings of GDP
    02:21

Using CPI to Adjust for Inflation

  • Percorso guidato
    Using CPI to Adjust for Inflation
    04:34
  • Percorso guidato
    Using CPI to Adjust for Inflation
    02:49