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Gross Domestic Product (GDP): Measurement, Components, and Limitations

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Expenditure Approach for Measuring GDP

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

Detailed Explanation of GDP Components

  • Guided course
    Government Purchases and Net Exports
    02:12
  • Guided course
    Consumption
    02:38
  • Guided course
    Investment
    02:01

Nominal GDP and Real GDP

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

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

Shortcomings of GDP

  • Guided course
    Shortcomings of GDP
    02:21

Circular Flow Diagram

  • Guided course
    Households and Firms
    01:32
  • Guided course
    The Circular Flow Diagram
    04:20