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100 gdp deflator - PowerPoint PPT Presentation

Nominal GDP Vs Real GDP

Nominal GDP Vs Real GDP. Krugman Section 3 Modules 10 and 15. GDP. Reminder: GDP is a figure including every item produced in the economy. Money is the common denominator that allows us to add the total output. GDPn. Is the market value of all final g & s produced in a year.

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130 views • 12 slides

Shortcomings of GDP

Shortcomings of GDP. Leisure Time Improved Product Quality Trade-offs on the Environment Distribution of Output. What makes GDP go up?. A country produces more goods and services Goods and services cost more Nominal GDP Current output x current prices 4. Real GDP

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265 views • 9 slides

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100 gdp deflator - PowerPoint PPT Presentation

Nominal GDP Vs Real GDP

Shortcomings of GDP