Khan Academy: "GDP Deflator"
- Watch this lecture about the GDP deflator.
Khan Academy: "Example Calculating Real GDP with a Deflator"
- Watch this lecture about calculating real GDP with a deflator. This is one among many approaches to removing the effect of inflation from nominal or current values. Watch for other approaches, some of which draw from a base broader or narrower relative to that under current consideration.
OpenStax College: "Macroeconomics, Chapter 6.1: Measuring the Size of the Economy: Gross Domestic Product"
- Read this chapter to review GDP calculations. In addition, you will gain a foundation to support your forthcoming focus on inflation concept and its measurements. Be sure to complete the problems presented in this section.
Khan Academy: "Real GDP and Nominal GDP"
- Watch this lecture, which discusses real and nominal GDP.
