IB Economics SL 3.1.3 Real & per capita measures
IB Economics SL 3.1.3 Real & per capita measures
Students practise calculating real GDP, GDP deflator, and real GDP per capita using base-year indices and population data from multi-column tables.
How this is tested
- calculate real GDP as nominal GDP divided by the deflator times 100, using table data
- compute real GDP per capita by dividing real GDP (in USD) by population
- derive the GDP deflator from nominal and real GDP, then interpret the price level change