Difference between real and nominal GDP?
What is the difference between real and nominal GDP? If the president of the
United States (or your instructor) asked you to evaluate the economy over the past
five years, which one would you use and why?

Reading Assignment
Chapter 7 “Taking the Nation’s Economic Pulse”
 Chapter 8 “Economic Fluctuations, Unemployment, and Inflation”
 Special Topic 1 “Government Spending and Taxation”

Book
Gwartney, J. D., Stroup, R. L., Sobel, R. S., & Macpherson, D. A. (2018). Economics: Private
and public choice (16th ed.). Boston, MA: Cengage Learning.
ISBN-13: 9781305506725