1. Module Interpreting Real Gross Domestic Product KRUGMAN'S MACROECONOMICS for AP* 11 Margaret Ray and David Anderson

2. What you will learn in this Module : The difference between real GDP and nominal GDP Why real GDP is the appropriate measure of real economic activity

3. What GDP Tells Us Economic Size Comparison Relative size of country indicates relative size of Gross Domestic Product

4. Inflation’s effect on GDP Aggregate Output Real GDP: A Measure of Aggergate Output

5. Calculating Real GDP

6. What Real GDP Doesn’t Measure Real GDP v. GDP per capita Living Standards Limitations of Real GDP per capita