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## Real vs. nominal GDP

# Lesson summary: Real vs. nominal GDP

AP Macro: MEA‑1 (EU), MEA‑1.I (LO), MEA‑1.I.1 (EK), MEA‑1.I.2 (EK), MEA‑1.J (LO), MEA‑1.J.1 (EK), MEA‑1.J.2 (EK)

In this lesson summary review and remind yourself of the key terms and calculations used in calculating real and nominal GDP. Topics include the distinction between real and nominal GDP and how to calculate and use the GDP deflator.