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Download What is Gross Domestic Product (GDP)? mp4 download free video

Picture the economy as a giant supermarket, with billions of goods and services inside At the checkout line, you watch as the cashier rings up the price for each finished good or service sold What have you just observed? The cashier is computing a very important number gross domestic product, or GDP GDP is the market value of all finished goods and services, produced within a country in a year But, what does "market value" mean? And what defines a "finished good"? These, and more questions, percolate inside your head Meanwhile, the cashier starts ringing up the total, and you’re left confused An array of things pass by you — A bottle of wine A carton of eggs A cake from the local bakers A tractor, of all things A bunch of ballpens A bag of flour In this video, join us as we show you how to make sense of this important economic indicator You’ll learn how GDP is computed, and you’ll get answers to some pretty interesting questions along the way Questions like, “Why are the eggs in my homemade omelet part of the GDP, but the eggs my baker uses are not? Why does my bottle of French wine contribute to France’s GDP, even if I bought it in the United States?” Most importantly, you’ll also learn why polar bears aren’t part of the GDP computation, even if they’re incredibly cute So, buckle in for a bit—in the following videos we’ll dive into specifics on GDP Macroeconomics Course bit ly 1R1PL5x Ask a question about the video bit ly 1p4ZtxL Next video bit ly 1mY2bn0 Help us caption & translate this video! amara org v


Download GDP explained | What is GDP? | How is GDP calculated? | In e vs Expenditure Approach mp4 download free video

What is GDP (Gross Domestic Product) -- GDP is the total monetary value of the final goods and services produced within the geographical boundaries of a country in a given period of time For a more detailed explanation of the terms GROSS The depreciation in the capital assets of the country, occurred during the year is inclusive This means, the monetary value of loss of assets due to production activities had not been deducted If we do deduct it, it becomes NET DOMESTIC Domestic implies, produced within the geographical boundaries It does not take into account the country s earning outside its geographical boundaries, or foreign remittances Neither does it deduct transfers outside of the country If these remittances are added and the transfers deducted, the value becomes NATIONAL PRODUCT The final goods and services Final implies that intermediate goods are not taken into account For example, wheat sold for final consumption to consumers will be taken into account, but the amount of wheat sold to bakeries for further production of bread will not be added The value of bread will be taken into account which will be inclusive of the value of its input wheat This is done to avoid double counting Find us on Social Media and stay connected Facebook Page - s www facebook com InvestYadnya Facebook Group - s goo gl y57Qcr Twitter - s www twitter com InvestY


Download National in e GDP GNP NDP NNP Explained Indian Economy Part 11 Concepts of Macro Economics mp4 download free video

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Download Nominal vs Real GDP mp4 download free video

"Are you better off today than you were 4 years ago? What about 40 years ago?" These sorts of questions invite a different kind of query what exactly do we mean, when we say “better off?” And more importantly, how do we know if we’re better off or not? To those questions, there’s one figure that can shed at least a partial light real GDP In the previous video, you learned about how to compute GDP But what you learned to compute was a very particular kind the nominal GDP, which isn’t adjusted for inflation, and doesn’t account for increases in the population A lack of these controls produces a kind of mirage For example, compare the US nominal GDP in 1950 It was roughly $320 billion Pretty good, right? Now compare that with 2015’s nominal GDP over $17 trillion That’s 55 times bigger than in 1950! But wait Prices have also increased since 1950 A loaf of bread, which used to cost a dime, now costs a couple dollars Think back to how GDP is computed Do you see how price increases impact GDP? When prices go up, nominal GDP might go up, even if there hasn’t been any real growth in the production of goods and services Not to mention, the US population has also increased since 1950 As we said before without proper controls in place, even if you know how to compute for nominal GDP, all you get is a mirage So, how do you calculate real GDP? That’s what you’ll learn today In this video, we’ll walk you through the factors that go into the computation of real GDP We’ll show you how to distinguish between nominal GDP, which can balloon via rising prices, and real GDP—a figure built on the production of either more goods and services, or more valuable kinds of them This way, you’ll learn to distinguish between inflation-driven GDP, and improvement-driven GDP Oh, and we’ll also show you a handy little tool named FRED — the Federal Reserve Economic Data website FRED will help you study how real GDP has changed over the years It’ll show you what it looks like during healthy times, and during recessions FRED will help you answer the question, “If prices hadn’t changed, how much would GDP truly have increased?” FRED will also show you how to account for population, by helping you compute a key figure real GDP per capita Once you learn all this, not only will you see past the the nominal GDP-mirage, but you’ll also get an idea of how to answer our central question "Are we better off than we were all those years ago?" Macroeconomics Course bit ly 1R1PL5x Ask a question about the video bit ly 24pzD7X Next video bit ly 1TGgR8r Help us caption & translate this video! amara org v

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