Unrestricted Use
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Unrestricted Use
CC BY
- Subject:
- Economics
- Social Science
- Provider:
- Rice University
- Provider Set:
- OpenStax College
Unrestricted Use
CC BY
Unrestricted Use
CC BY
- Subject:
- Economics
- Social Science
- Provider:
- Rice University
- Provider Set:
- OpenStax College
Unrestricted Use
CC BY
Unrestricted Use
CC BY
Unrestricted Use
CC BY
- Subject:
- Economics
- Social Science
- Provider:
- Rice University
- Provider Set:
- OpenStax College
Unrestricted Use
CC BY
- Subject:
- Economics
- Social Science
- Provider:
- Rice University
- Provider Set:
- OpenStax College
Unrestricted Use
CC BY
By the end of this section, you will be able to:Contrast nominal GDP and real GDPExplain GDP deflatorCalculate real GDP based on nominal GDP values
- Subject:
- Applied Science
- Economics
- Material Type:
- Module
- Date Added:
- 02/27/2020
Unrestricted Use
CC BY
By the end of this section, you will be able to:Explain how we can use GDP to compare the economic welfare of different nationsCalculate the conversion of GDP to a common currency by using exchange ratesCalculate GDP per capita using population data
- Subject:
- Applied Science
- Economics
- Material Type:
- Module
- Date Added:
- 02/27/2020
Unrestricted Use
CC BY
By the end of this section, you will be able to:Discuss how productivity influences the standard of livingExplain the limitations of GDP as a measure of the standard of livingAnalyze the relationship between GDP data and fluctuations in the standard of living
- Subject:
- Applied Science
- Economics
- Material Type:
- Module
- Date Added:
- 02/27/2020
Unrestricted Use
CC BY
This module covers:Measuring the Size of the Economy: Gross Domestic ProductAdjusting Nominal Values to Real ValuesTracking Real GDP over TimeComparing GDP among CountriesHow Well GDP Measures the Well-Being of Society
Unrestricted Use
CC BY
By the end of this section, you will be able to:Identify the components of GDP on the demand side and on the supply sideEvaluate how economists measure gross domestic product (GDP)Contrast and calculate GDP, net exports, and net national product
- Subject:
- Applied Science
- Economics
- Material Type:
- Module
- Date Added:
- 02/27/2020
Unrestricted Use
CC BY
By the end of this section, you will be able to:Explain recessions, depressions, peaks, and troughsEvaluate the importance of tracking real GDP over time
- Subject:
- Applied Science
- Economics
- Material Type:
- Module
- Date Added:
- 02/27/2020
Unrestricted Use
CC BY
- Subject:
- Economics
- Social Science
- Provider:
- Rice University
- Provider Set:
- OpenStax College
Unrestricted Use
CC BY
Unrestricted Use
CC BY
- Subject:
- Economics
- Social Science
- Provider:
- Rice University
- Provider Set:
- OpenStax College
Unrestricted Use
CC BY
- Subject:
- Economics
- Social Science
- Provider:
- Rice University
- Provider Set:
- OpenStax College
Unrestricted Use
CC BY
By the end of this section, you will be able to:Interpret a circular flow diagramExplain the importance of economic theories and modelsDescribe goods and services markets and labor markets
Unrestricted Use
CC BY
By the end of this section, you will be able to:Contrast traditional economies, command economies, and market economiesExplain gross domestic product (GDP)Assess the importance and effects of globalization
- Subject:
- Applied Science
- Economics
- Material Type:
- Module
- Date Added:
- 02/27/2020