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ECON102: Principles of Macroeconomics

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  • 2.1: Rationale for GDP: A Monetary Measure
Back to 'Unit 2: Macroeconomics: Goals, Measures, and Challenges'
  • 2.1: Rationale for GDP: A Monetary Measure

    • Principles of Macroeconomics: "Chapter 6: Measuring Total Output and Income"

      Read this chapter, which is about measuring domestic output, and attempt the "Try It" exercises. This material concentrates on the purpose and function of GDP. More importantly, this reading will help you prepare for the deeper, detailed approaches that receive coverage in subunits 2.2 through 2.5.

    •  Khan Academy: "Parsing Gross Domestic Product" URL

      Watch this lecture, which discusses parsing gross domestic product.

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