GDP Deflator, Real GDP, and Nominal GDP

Watch these two videos, which show the distinction between real GDP and nominal GDP and introduce the GDP deflator, which is the price index calculated on all goods and services that are included in GDP.


Source: Khan Academy, https://www.khanacademy.org/economics-finance-domain/macroeconomics/gdp-topic/real-nominal-gdp-tutorial/v/gdp-deflator and  https://www.khanacademy.org/economics-finance-domain/macroeconomics/gdp-topic/real-nominal-gdp-tutorial/v/real-gdp-and-nominal-gdp 
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Last modified: Thursday, May 20, 2021, 3:41 PM