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Measuring the Economy’s Performance: National Income Accounting and GDP

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Circular Flow Diagram

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

Expenditure Approach for Measuring GDP

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    Calculating GDP Using the Expenditure Approach
    02:31

Calculating GDP Using the Income Approach

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    Comparison of U.S. GDP Calculation
    03:07
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    Calculating GDP Using the Income Approach
    07:44

Detailed Explanation of GDP Components

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

Other Measures of Total Production and Total Income

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    Other Measures of Total Production and Total Income
    05:10

Nominal GDP and Real GDP

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