Get into the nitty gritty of GDP as this economics instructor breaks down how we measure the growth of an economy within a country's borders. You will review the four components (consumers, investments, government, and foreign investments) of calculating GDP, as well as what is not included in those calculations, such as non-market activities and intermediate goods.

Concepts

gross domestic product

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Additional Tags

intermediate goods, gross domestic product, gdp equation, social studies

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Instructional Ideas

• Have class members model the presenter in the video and offer their own individual examples of components that are not included in GDP

Classroom Considerations

• This video is hosted on YouTube

Pros

• Offers very clear and thorough explanations for major components of GDP

Cons

• None

Common Core

RH.11-12.2 RH.11-12.4