HomeIB EconomicsTopic 3.1

Measuring economic activity and illustrating its variations

GDP, real vs nominal, comparisons over time, and interpreting changes in economic activity.

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IB Economics · Topic 3.1

Sub-topics in Topic 3.1

3.1.1What is GDP and how is it measured?3.1.2Real vs nominal GDP and comparisons3.1.3GDP and well-being3.1.4The business cycle