Using GDP to measure the growth of an economy doesn’t tell the whole story. What if you sell more Pop-Tarts, but the Pop-Tarts are smaller and have no frosting? Or what if prices skyrocket due to inflation? There are lots of things that can inflate GDP, so we need to take a closer look at how to evaluate these confounding variables.
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Chapters:
0:00 – Introduction
1:36 – Nominal GDP
2:58 – Real GDP
7:33 – GDP Deflator
9:20 – Conclusion
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