An increase in nominal GDP may reflect increases in the production of goods and services and also increases in prices. GDP adjusted for price changes is "real GDP." Real GDP per capita is a basis for comparing material living standards over time and among different countries.
Standard detail
1.
Benchmark
Depth 1Parent ID: 8393455C89FD44788D6212B066B72348Standard set: Grades 9, 10, 11, 12
Original statement
Quick facts
- Statement code
- 1.
- List ID
- 1.
- Standard ID
- 529BA15D3DDF452EB0A6074A7E34247F
- ASN identifier
- S2604861
- Subject
- Economics
- Grades
- 09, 10, 11, 12
- Ancestor IDs
- 8393455C89FD44788D6212B066B72348
- Source document
- Voluntary National Content Standards in Economics (2010)
- License
- CC BY 3.0 US