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Chapter 2: Measurement in Macroeconomics – GDP, Price Indices, and Labour Market

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Expenditure Approach for Measuring GDP

  • Guided course
    Calculating GDP Using the Expenditure Approach
    02:31

Calculating GDP Using the Income Approach

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

Value Added Method for Measuring GDP

  • Guided course
    GDP and the Value-Added Approach
    02:21

Nominal GDP and Real GDP

  • Guided course
    Nominal GDP and Real GDP
    09:15
  • Guided course
    Inflation and the GDP Deflator
    03:04

Shortcomings of GDP

  • Guided course
    Shortcomings of GDP
    02:21

Inflation and Consumer Price Index (CPI)

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

Problems with the Consumer Price Index (CPI)

  • Guided course
    Problems with CPI
    05:24

Labor Force and Unemployment

  • Guided course
    Problems with Measuring Unemployment
    04:35
  • Guided course
    Labor Force and Unemployment
    05:58