Economics · Macro
GDP & Growth
GDP measures what an economy produces: C + I + G + NX. Nominal vs real, per capita, what GDP misses, and why growth rates compound into vast differences in living standards: capital, labor and above all productivity.
Step 1 of 6 · Overview35 min read ·
Key idea
Prereqs: Market failures & externalities; Exponents & logs (Math). Next: Money & banking. Follows Khan Academy Macroeconomics, MIT 14.02 and Crash Course Economics #5–6.Next: 1. Measuring output