Measuring the Economy: Macroeconomic Indicators · Macroeconomics
Gross Domestic Product (GDP)
Understanding how the total value of goods and services produced reflects national economic health.
Key Questions
- 1What activities are excluded from GDP and how does that limit our understanding of well-being?
- 2How does real GDP differ from nominal GDP when accounting for inflation?
- 3What does a high GDP per capita tell us about a nation's standard of living?
Ontario Curriculum Expectations
ON: Economic Indicators - Grade 10ON: Canadian and World Studies - Grade 10
Grade: Grade 10
Subject: Economics
Unit: Measuring the Economy: Macroeconomic Indicators
Period: Macroeconomics
Suggested Methodologies
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