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Ch. 11 - Gross Domestic Product (GDP) and Consumer Price Index (CPI)WorksheetSee all chapters
All Chapters
Ch. 1 - Introduction to Macroeconomics
Ch. 2 - Introductory Economic Models
Ch. 3 - Supply and Demand
Ch. 4 - Elasticity
Ch. 5 - Consumer and Producer Surplus; Price Ceilings and Price Floors
Ch. 6 - Introduction to Taxes
Ch. 7 - Externalities
Ch. 8 - The Types of Goods
Ch. 9 - International Trade
Ch. 10 - Introducing Economic Concepts
Ch. 11 - Gross Domestic Product (GDP) and Consumer Price Index (CPI)
Ch. 12 - Unemployment and Inflation
Ch. 13 - Productivity and Economic Growth
Ch. 14 - The Financial System
Ch. 15 - Income and Consumption
Ch. 16 - Deriving the Aggregate Expenditures Model
Ch. 17 - Aggregate Demand and Aggregate Supply Analysis
Ch. 18 - The Monetary System
Ch. 19 - Monetary Policy
Ch. 20 - Fiscal Policy
Ch. 21 - Revisiting Inflation, Unemployment, and Policy
Ch. 22 - Balance of Payments
Ch. 23 - Exchange Rates
Ch. 24 - Macroeconomic Schools of Thought
Ch. 25 - Dynamic AD/AS Model
Ch. 26 - Special Topics
Sections
Calculating GDP
Detailed Explanation of GDP Components
Value Added Method for Measuring GDP
Nominal GDP and Real GDP
Shortcomings of GDP
Calculating GDP Using the Income Approach
Other Measures of Total Production and Total Income
Consumer Price Index (CPI)
Using CPI to Adjust for Inflation
Problems with the Consumer Price Index (CPI)
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Next SectionOther Measures of Total Production and Total Income

Concept #1: Calculating GDP Using the Income Approach

Concept #2: Comparison of U.S. GDP Calculation

Previous SectionShortcomings of GDP
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