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Measuring a Nation’s Product and Income: Macroeconomic Concepts and Applications

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Circular Flow Diagram

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

Expenditure Approach for Measuring GDP

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

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

Balance of Trade; Trade Deficit and Trade Surplus

  • Guided course
    Trade Deficit and Trade Surplus
    06:55