To understand American business history, follow the trends. See how America was settled over time, how people moved from farms to cities, how gross national product grew, how stocks went up and down, and how income was distributed. One thing is certain: in business, things constantly change. This video is featured in the "Constant Change" section of the American Enterprise exhibition at the Smithsonian's National Museum of American History. Section link: americanhistory.si.edu/american-enterprise-exhibition/videos/constant-change Exhibition link: americanhistory.si.edu/american-enterprise
Views: 5454 National Museum of American History
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: http://bit.ly/1R1PL5x Ask a question about the video: http://bit.ly/1p4ZtxL Next video: http://bit.ly/1mY2bn0 Help us caption & translate this video! http://amara.org/v/HZv3/
Views: 561546 Marginal Revolution University
This video shows the Top 20 countries with highest GDP PPP from 1980 to 2023. The ranking includes superpowers, such as United States, China, Japan, India, and Germany. It also compares the total GDP (PPP) of different continents from the Top 20 countries, mostly North America, Europe, and Asia. Purchasing power parity (PPP) is a neoclassical economic theory that states that the exchange rate between two countries is equal to the ratio of the currencies' respective purchasing power. Support Us on Patreon: https://www.patreon.com/wawamustats Facebook: https://www.facebook.com/wawamustats Instagram: https://www.instagram.com/wawamustats Twitter: https://twitter.com/statswawamu Music: Home by Whitesand https://www.youtube.com/watch?v=3r8gL1vWGx0 Subscribe here: https://www.youtube.com/wawamustats?sub_confirmation=1
Views: 1664067 WawamuStats
US CHINA ECONOMY GDP COMPARISON GROWTH FROM 1960,USA vs CHINA economy Growth 2017-2018
Views: 32023 TUINT
This Video Explains the Concepts of Gross Domestic Product, Gross National Product, Net Domestic Product, Net National Product and Per Capita Income. To Prepare for Central and State Civil Services Exam, Download the PrepMate Android App https://play.google.com/store/apps/details?id=in.prepmate.mobile https://prepmate.in/ Want to know How PrepMate-Cengage Book Series Performed In Prelims 2018? - Out of 100 questions, 65 questions were covered completely - 43 questions' statements were ditto as written in the books - 11 Questions were covered partially To see the full details, click on the link given below: https://prepmate.in/app/uploads/2018/06/2018-Prelims-Detailed-Solutions-along-with-Source-Analysis-.pdf To Order Prepmate Cengage Book Series, Visit The Link Given Below:- https://prepmate.in/books/
Views: 60023 PrepMate Edutech
Forty years ago, Robert F. Kennedy challenged the basic way we measure progress and well-being in America. Today, the Glaser Progress Foundation is raising the same questions through a new medium. The Seattle-based foundation released a new web video marking the anniversary of a famous speech in which Kennedy said the Gross Domestic Product counts "everything, in short, except that which makes life worthwhile."
Views: 227776 ipyramid
This video shows the Top 10 countries with highest GDP from 1960 to 2017. This country GDP ranking includes countries such as, United States, China, Japan, Germany, United Kingdom, etc. Gross Domestic Product (GDP) is a monetary measure of the market value of all the final goods and services produced in a period of time, often annually or quarterly. Nominal GDP estimates are commonly used to determine the economic performance of a whole country or region, and to make international comparisons. Support Us on Patreon: https://www.patreon.com/wawamustats Facebook: https://www.facebook.com/wawamustats Instagram: https://www.instagram.com/wawamustats Twitter: https://twitter.com/statswawamu Data Taken from: https://www.worldbank.org Future Top 10 Country GDP Ranking (Part 2): https://youtu.be/T9l2yCH5wBk Subscribe here: https://www.youtube.com/wawamustats?sub_confirmation=1
Views: 761859 WawamuStats
They say what matters most in life are the things money can’t buy. So far, we’ve been paying attention to a figure that’s intimately linked to the things money can buy. That figure is GDP, both nominal, and real. But before you write off GDP as strictly a measure of wealth, here’s something to think about. Increases in real GDP per capita also correlate to improvements in those things money can’t buy. Health. Happiness. Education. What this means is, as real GDP per capita rises, a country also tends to get related benefits. As the figure increases, people’s longevity tends to march upward along with it. Citizens tend to be better educated. Over time, growth in real GDP per capita also correlates to an increase in income for the country’s poorest citizens. But before you think of GDP per capita as a panacea for measuring human progress, here’s a caveat. GDP per capita, while useful, is not a perfect measure. For example: GDP per capita is roughly the same in Nigeria, Pakistan, and Honduras. As such, you might think the three countries have about the same standard of living. But, a much larger portion of Nigeria's population lives on less than $2/day than the other two countries. This isn’t a question of income, but of income distribution—a matter GDP per capita can’t fully address. In a way, real GDP per capita is like a thermometer reading—it gives a quick look at temperature, but it doesn’t tell us everything. It’s far from the end-all, be-all of measuring our state of well-being. Still, it’s worth understanding how GDP per capita correlates to many of the other things we care about: our health, our happiness, and our education. So join us in this video, as we work to understand how GDP per capita helps us measure a country’s standard of living. As we said: it's not a perfect measure, but it is a useful one. Macroeconomics Course: http://bit.ly/1R1PL5x Ask a question about the video: http://bit.ly/1WJcJ5w Next video: http://bit.ly/1S1CxuA Help us caption & translate this video! http://amara.org/v/H04s/
Views: 228844 Marginal Revolution University
This video shows the Top 10 countries with highest GDP per capita from 1962 to 2017. Most countries are from developed regions in Europe, North America, and Asia. As of 2017, Luxembourg has been regarded as the richest country in terms of GDP per capita. Per capita GDP is a measure of the total output of a country that takes the gross domestic product (GDP) and divides it by the number of people in that country. The Per capita GDP is especially useful when comparing one country to another, because it shows the relative performance of the countries. A rise in Per capita GDP signals growth in the economy and tends to reflect an increase in productivity. Support Us on Patreon: https://www.patreon.com/wawamustats Facebook: https://www.facebook.com/wawamustats Instagram: https://www.instagram.com/wawamustats Twitter: https://twitter.com/statswawamu Music: Melody Of My Dreams by Whitesand https://www.youtube.com/watch?v=Si89RLFreaw Subscribe here: https://www.youtube.com/wawamustats?sub_confirmation=1
Views: 210403 WawamuStats
How do US economy and German Economy compare? Can German economy beat United States economy soon? 🐻 SUBSCRIBE TO OUR NEW CHANNEL: Fuzzy & Nutz 🐿️ ►►► http://bit.ly/fuzzyandnutz WEBSITE (You can suggest a topic): http://theinfographicsshow.com SUPPORT US: Patreon.......► https://www.patreon.com/theinfographicsshow CHAT: DISCORD.....►https://discord.gg/theinfographicsshow SOCIAL: Facebook...► https://facebook.com/TheInfographicsShow Instagram..► https://www.instagram.com/theinfographicsshow Twitter........► https://twitter.com/TheInfoShow Subreddit...► http://reddit.com/r/TheInfographicsShow -------------------------------------------------------------------------- Sources for this episode: https://pastebin.com/NMWsUwcm
Views: 693099 The Infographics Show
SOURCES: https://en.wikipedia.org/wiki/Canada#Economy https://en.wikipedia.org/wiki/List_of_countries_by_proven_oil_reserves https://en.wikipedia.org/wiki/Oil_reserves_in_Canada https://en.wikipedia.org/wiki/Deforestation_by_region http://databank.worldbank.org/data/download/GDP.pdf https://www.cia.gov/library/publications/the-world-factbook/geos/ca.html https://en.wikipedia.org/wiki/Forestry_in_Canada http://www.tradingeconomics.com/canada/gross-national-product http://atlas.media.mit.edu/en/profile/country/can/ http://www5.statcan.gc.ca/cimt-cicm/section-section?lang=eng&dataTransformation=0&refYr=2014&refMonth=12&freq=12&countryId=999&usaState=0&provId=1&retrieve=Retrieve&save=null&trade=null http://www.debtclock.ca/ http://www.nationaldebtclocks.org/debtclock/canada
Views: 10856 Chris Hernandez
It’s the king of economic statistics. Gross domestic product is an important tool to measure the health and strength of a country’s economy, but it doesn’t always give a full picture. So how does GDP work? CNBC’s Elizabeth Schulze explains. ----- Subscribe to us on YouTube: http://cnb.cx/2wuoARM Subscribe to CNBC Life on YouTube: http://cnb.cx/2wAkfMv Like our Facebook page: https://www.facebook.com/cnbcinternational Follow us on Instagram: https://www.instagram.com/cnbcinternational/ Follow us on Twitter: https://twitter.com/CNBCi
Views: 155481 CNBC International
We know that there are rich countries, poor countries, and countries somewhere in between. Economically speaking, Japan isn’t Denmark. Denmark isn’t Madagascar, and Madagascar isn’t Argentina. These countries are all different. But how different are they? That question is answered through real GDP per capita—a country’s gross domestic product, divided by its population. In previous videos, we used real GDP per capita as a quick measure for a country’s standard of living. But real GDP per capita also measures an average citizen’s command over goods and services. It can be a handy benchmark for how much an average person can buy in a year -- that is, his or her purchasing power. And across different countries, purchasing power isn’t the same. Here comes that word again: it’s different. How different? That’s another question this video will answer. In this section of Marginal Revolution University’s course on Principles of Macroeconomics, you’ll find out just how staggering the economic differences are for three countries—the Central African Republic, Mexico, and the United States. You’ll see why variations in real GDP per capita can be 10 times, 50 times, or sometimes a hundred times as different between one country and another. You’ll also learn why the countries we traditionally lump together as rich, or poor, might sometimes be in leagues all their own. The whole point of this? We can learn a lot about a country’s wealth and standard of living by looking at real GDP per capita. But before we give too much away, check out this video -- the first in our section on The Wealth of Nations and Economic Growth. Macroeconomics Course: http://bit.ly/1R1PL5x Ask a question about the video: http://bit.ly/1RnQCQL Next video: http://bit.ly/1R1RjN8 Help us caption & translate this video! http://amara.org/v/HdZ5/
Views: 100315 Marginal Revolution University
A one-minute video which explains what the Gross Domestic Product (GDP) is, what government revenue is and why people frequently confuse the two terms. Please like, comment and subscribe if you've enjoyed the video. To support the channel, give me a minute (see what I did there?) of your time by visiting OneMinuteEconomics.com and reading my message. Bitcoin donations can be sent to 1AFYgM8Cmiiu5HjcXaP5aS1fEBJ5n3VDck and PayPal donations to [email protected], any and all support is greatly appreciated! Oh and I've also started playing around with Patreon, my link is: https://www.patreon.com/oneminuteeconomics Interested in reading a good book? My first book, Wealth Management 2.0 (through which I do my best to help people manage their wealth properly, whether we're talking about someone who has a huge amount of money at his disposal or someone who is still living paycheck to paycheck), can be bought using the links below: Amazon - https://www.amazon.com/Wealth-Management-2-0-Financial-Professionals-ebook/dp/B01I1WA2BK Barnes & Noble - http://www.barnesandnoble.com/w/wealth-management-20-andrei-polgar/1124435282?ean=2940153328942 iBooks (Apple) - https://itun.es/us/wYSveb.l Kobo - https://store.kobobooks.com/en-us/ebook/wealth-management-2-0 My second book, the Wall Street Journal and USA Today bestseller The Age of Anomaly (through which I help people prepare for financial calamities and become more financially resilient in general), can be bought using the links below. Amazon - https://www.amazon.com/Age-Anomaly-Spotting-Financial-Uncertainty-ebook/dp/B078SYL5YS Barnes & Noble - https://www.barnesandnoble.com/w/the-age-of-anomaly-andrei-polgar/1127084693?ean=2940155383970 iBooks (Apple) - https://itunes.apple.com/us/book/age-anomaly-spotting-financial-storms-in-sea-uncertainty/id1331704265 Kobo - https://www.kobo.com/ww/en/ebook/the-age-of-anomaly-spotting-financial-storms-in-a-sea-of-uncertainty Last but not least, if you'd like to follow me on social media, use one of the links below: https://www.facebook.com/oneminuteeconomics https://twitter.com/andreipolgar https://ro.linkedin.com/in/andrei-polgar-9a11a561
Views: 41510 One Minute Economics
GDP, GNP – what does it all mean? Jonathan explains what economists mean when they bring up these common economic indicators. Learn more at HowStuffWorks.com: http://money.howstuffworks.com/gross-national-happiness.htm Share on Facebook: Share on Twitter: Subscribe: http://goo.gl/ZYI7Gt Visit our site: http://www.brainstuffshow.com OK, let’s say you’ve just gotten a job offer to work in the majestic country of Bumpsylvania. Awesome, right? You’ve always wanted to live amongst the scenic Bumpsylvanian swamplands and hear the local ghost toads sing their famous mating screech. But before you pony up the $549.95 for Rosetta Stone: Bumpsylvanian Edition, you want to do a little research on the economic health of this country. So you ask your friend the economics professor: How is the economy of Bumpsylvania doing these days? One number that will almost definitely figure into her reply is the country’s GDP. This stands for Gross Domestic Product. GDP is a common measure that’s used to roughly represent the size of a country’s economy. The way you calculate GDP is both simple as a general principle, and complicated in the details. The simple version is that GDP is the value of all the goods and services produced within a country in a given period of time, such as a financial quarter or a year. So if we look at Bumpsylvania, we can calculate its yearly GDP by adding up the dollar-value of all the stuff it creates: All the pork sandwiches, shoe shines, fashion magazines, bullets, massages, motorcycles, jiu-jitsu classes, ghost toad swamp tours, and, of course, traditional, Bumpsylvanian-style wooden hats. Every item, product or service brought to market by workers or other economic resources located inside the country in that year is part of the GDP. Coming up with this figure is not as easy as it sounds. GDP is actually a highly complex and abstract statistical instrument that takes some real work to calculate. Just one example of the many complications: Let’s say somebody cuts down some swamp trees and turns those trees into lumber, and then sells that lumber to a haberdasher who turns it into a traditional, Bumpsylvanian-style wooden hat. Do you count the sales of both the lumber _and_ the hat? Well, no, because GDP is a measure of the final value of goods and services. So if you counted the sale of the wood to the hat-maker and the sale of the hat, you’d be counting the same value twice. The value of the wood gets wrapped into the final value of that gorgeous, gorgeous headgear. GDP is probably the most important measure of the size and performance of an economy, but it’s not the only one. There’s also GNP, which is related, but slightly different. GNP stands for gross national product. The difference is that GNP is the value of all the products and services produced by a country’s residents, even if production takes place outside of the country. So if a Bumpsylvanian business has a factory making wooden hats in another country, the output of that factory would be included in Bumpsylvania’s GNP, but not its GDP. While GDP is a widely used indicator of economic strength, many critics point out that it’s not necessarily the best indicator of the “real” health of a nation. For example, a country with a large, growing GDP might look strong on paper, but what if that number is masking vast income inequality – a productive economy based on huge amounts of low-wage labor? Of course by comparing GDP with other pieces of data, you can do more with the figure. A simple example would be comparing GDP with population to come up with Per Capita GDP (which means economic value per person). So for example, according to the World Bank, in 2013, China’s GDP was a massive $9.2 trillion. Compare that to Luxembourg’s relatively small GDP of $60 billion. Yet in the same year, China’s GDP Per Capita was only about $6,800, while Luxembourg’s was more than 16 times that, at about $110,000. So while China’s economy is certainly much larger, it looks like each individual citizen, on average, is better off in Luxembourg. Financially speaking, that is. SOURCES: http://www.britannica.com/EBchecked/topic/246663/gross-national-product-GNP http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm http://www.britannica.com/EBchecked/topic/246647/gross-domestic-product-GDP http://money.howstuffworks.com/gross-national-happiness.htm/printable http://www.nytimes.com/2013/10/05/world/asia/index-of-happiness-bhutans-new-leader-prefers-more-concrete-goals.html?_r=0 https://books.google.com/books?id=V5IpAgAAQBAJ&printsec=frontcover&dq=how+to+calculate+gnp&hl=en&sa=X&ei=QlVyVZH1CJKFyQTo-4D4CQ&ved=0CDYQ6AEwAg#v=onepage&q=how%20to%20calculate%20gnp&f=false http://data.worldbank.org/indicator/NY.GDP.MKTP.CD http://data.worldbank.org/indicator/NY.GDP.PCAP.CD http://www.factcheck.org/2008/02/gdp-vs-gnp/
Views: 108357 BrainStuff - HowStuffWorks
GDP data are among the most important economic data available for measuring economic growth, but measuring the output of a large, dynamic economy is a complex task. In the seventh episode of the Economic Lowdown Video Series, economic education specialist Scott Wolla explains what GDP measures, how it is calculated, how it is useful in determining whether and how quickly the economy is growing, and how GDP can be used as indicator of standard of living. Instructors, learn more at https://www.stlouisfed.org/education/economic-lowdown-video-series/episode-7-gross-domestic-product
Views: 152324 Federal Reserve Bank of St. Louis
Top 10 Largest Economy In The World By GDP (PPP) 2017 .Top 10 most powerful countries in terms of economy.Richest country!!! MUSIC: Alan walker Faded NCS released Alan Walker ➞ Facebook https://www.facebook.com/alanwalkermu... ➞ SoundCloud https://soundcloud.com/alanwalker ➞ Twitter https://twitter.com/IAmAlanWalker ➞ YouTube https://www.youtube.com/user/DjWalkzz ➞ Instagram https://www.instagram.com/alanwalkerm...
Views: 442196 Felix 10s
Transcript: 1 In macroeconomics, we study the economy of one country. 2 Then try to understand how 2 countries interact and trade. 3 And hopefully, understand the global economy. 4 So today, we are going to study the circular flow of income. 5 Let’s make things really simple. 5 Imagine we are alone on an isolated island. There’s no government, no trade, no savings. I told you, it's simple! 6 There’s only firms and households. (2-sector economy: firms + households (closed economy)) 7 Firms provide households with goods and services. 7 Out of thin air? 7 Nah.. 8 Firms gotta get factors of production from households. 8 It can be labor, land, capital or… 8 Face it. Some of us in households are going to be entrepreneurs. (For more information on factors of production: check out this video) 8 So…entrepreneurship. 9 For free? You wish! 9 We don’t get freebies from firms. 9 We don’t provide labor for free either. 10 So there’s money flowing in the opposite direction. 11 Households gotta pay firms for the goods they get. 12 Firms also gotta pay households in the form of wages, rents, interests or profits. 12 But this is a little weird. 12 We don’t spend everything we earn in real life. 13 So let’s add savings. 13 Savings is money we don’t spend. 13 So there’s money flowing out. 14 Hey, savings don’t just sit in banks… 14 Banks invest in firms by lending to them. 14 Cos firms need money to buy capital equipment or cover other costs of production. 14 So there's investments flowing into the economy. 14 Bravo! Awesome! 14 But this is a little too simplified. 15 Let’s add government. (3 sector economy: firms + households + government) 15 Government buys stuff as well. 15 So there’s money flowing in. 16 Government gets money from taxes. 16 Taxes. So there’s money flowing out. 16 Cos for the money we’re paying as taxes, we cannoyt spend it. 17 Lastly, countries interact with one another. 17 Imagine this is an American economy. 18 Let’s add trade. (4 sector economy: firms + households + government + foreign sector) 18 America imports stuff. 18 For example, America can import shoes from China. 18 Shoes flow from China into America. 19 And money spent on imports flows out of America into China. 19 America exports too. 19 America can produce software 19 and export it to foreigners, 20 Money then flows from foreign countries into America. 20 This is America's export earnings. 21 Investments, Government Spending and Export earnings are called Injections. 21 Cos money is flowing in. 22 Savings, taxes and import spending are called leakages or withdrawals. 22 Cos money leaks out of the system. And hey, injections and leakages are sort of related. Investments come from savings. Government spending comes from taxes. America makes money from foreigners by exporting. But foreigners also make money from America when America imports. Wow…no wonder it's Circular Flow of Income It tells us roughly how an economy functions. 23 How do we measure the size of an economy then? 24 By measuring Gross Domestic Product or GDP. 24 GDP is the total value of all final goods and services produced within the borders of a country during a given period. 25 Why must it be FINAL goods and services? (Hint: it's in the next video) 26 If you like this video, remember to like and subscribe. 27 Next up: Measuring GDP: Output Approach _______________________________________________ How does an economy function? Look at the Circular Flow of Income. Who are the major players in an economy? In order of increasing complexity, there are: 2-sector economy: households + firms 3-sector economy: households + firms + government 4-sector economy: households + firms + government + foreign sector There are real goods and services flowing in one direction in the circular flow of income and money flowing in the opposite direction. When money flowing to the country, it's called injections. When money flows out, it's called withdrawals or leakages. Injections consist of government spending, investments and exports. Leakages or withdrawals include imports, taxes and savings. Injections and leakages/withdrawals are related to each other. This is because government spending comes from tax revenues and investments, at least the local component, come from savings. That said, investments can flow from foreign countries in the form of foreign direct investments (FDI). Lastly, while money can flow from foreign countries when we export overseas, money also leaks out of the country because we import. Important definitions: Gross Domestic Product or GDP is the total value of all final goods and services produced within the borders of a country during a given period. Use flashcards to remember these definitions in economics: http://www.memrise.com/course/461808/economics-101/
Views: 130091 Economics Mafia
With Mexico being the 11th country in nominal terms and 15th in purchasing power, it is evident that it is a country which can't be ignored as a third world country anymore. Even after being hit hard during the 1994 crisis, low blows in 2001 crisis and then again facing major drawbacks in the 2008 recession Mexico still remains a stable macroeconomic country. Though the extent of influence of South American Crisis was not much, during the 2008 recession, Gross Domestic Product contracted by more than 6%.
Views: 7634 Education Channel
The top 10 countries with the largest economies, denoted by real Gross Domestic Product (GDP), represent approximately 50% of the world’s total population and make up almost 65% of the world’s total GDP. But what are we talking about when we talk about GDP? 1. United States Real GDP Value: $17 trillion (USD) Population: 323 million Currency: US Dollar (USD) The IMF World Economic Outlook estimates that China’s economy grew by 6.7% in 2016, compared with the modest 1.6% growth in the U.S throughout the same year. Of the world’s largest 500 companies, 134 are headquartered in the United States. The U.S. also has the world’s largest and most influential financial markets in the world. 2. China Real GDP Value: $9.5 trillion (USD) Population: 1.38 billion Currency: Chinese Yuan Renminbi (CNY) China has been one of the world’s fastest-growing major economies for more than 30 years. 3. Japan Real GDP Value: $6.0 trillion (USD) Population: 127 million Currency: Japanese Yen (¥ JPY) Japan has the largest electronic goods industry in the world, especially in robotics. 4. Germany Real GDP Value: $3.8 trillion (USD) Population: 82.6 million Currency: Euro (€) Germany is the third-largest exporting economy in the world and is a founding member of both the European Union and the eurozone. 5. France Real GDP Value: $2.8 trillion (USD) Population: 66.8 million Currency: Euro (€) France has the second largest economy in the eurozone, and it’s the fifth-largest economy in the world. France is the most visited country in the world, and tourism is a critical driver of the French economy. 6. United Kingdom Real GDP Value: $2.73 trillion (USD) Population: 65.6 million Currency: British Pound (£ GBP) At one point, during the 19th century, the United Kingdom was the world’s largest economy. Now it is the world’s sixth-largest. The primary drivers of the UK’s GDP are business and consumer services, financial services and investing. Much of the nation’s economic activity is increasingly concentrated in London. 7. India Real GDP Value: $2.5 trillion (USD) Population: 1.32 billion Currency: Indian Rupee (INR) The World Bank forecasts India’s GDP will grow at a rate of more than 7% in 2017, making it the fastest growing major economy in the world. India’s economy depends on manufacturing and service industries, but technology-driven growth could play a role for the country’s economic fortunes in coming years. 8. Brazil Real GDP Value: $2.25 trillion (USD) Population: 208 million Currency: Brazilian Real (BRL) Brazil’s economy is the largest in Latin America, and the second largest in the Americas. The country entered a recession in 2014, but has since begun to recover. The country’s GDP fell by 3.6% during 2016, but it grew 1% in the first quarter of 2017. 9. Italy Real GDP Value: $2.1 trillion (USD) Population: 60.6 million Currency: Euro (€) Italy is the third largest producer of renewable energy in the European Union, also making it one of the largest producers of in the world. The Italian services sector accounts for nearly three quarters of the country’s GDP, employing approximately 65% of all workers. 10. Canada Real GDP Value: $1.82 trillion (USD) Population: 36.3 million Currency: Canadian Dollar (CAD) Consumer demand drives the majority of Canada’s economy with the services industry accounting for around 70% of total economic activity. The service sector is dominated by real estate services, healthcare, public administration, finance, insurance, and social assistance. However, Canada’s other key economic sectors are oil and logging. In fact, oil products constitute the country’s largest single export commodity, with almost 75% of all Canadian exports going to the United States. Stash is investing, simplified. Start with just $5 and learn as you go. Learn more at https://www.stashinvest.com. iOS: https://itunes.apple.com/us/app/stash-invest-learn-save/id1017148055?mt=8 Android: https://play.google.com/store/apps/details?id=com.stash.stashinvest&hl=en This video was prepared to support the promotion of the investment advisory services of Stash Investments LLC (“Stash”). This video does not offer to provide investment advice or sell or solicit any offer to buy securities. Investment advisory services are only provided to investors who become Stash clients. Images of account holdings and performance are hypothetical and are provided for information purposes only. Such content is not a guarantee of future performance and is subject to certain risks, uncertainties, and assumptions that are difficult to predict. Stash assumes no obligation to provide notifications of changes in any factors that could affect the information provided. For more information, please visit www.stashinvest.com.
Views: 8099 Stash Financial
Animation Brewery Productions is proud to announce the debut of GROSS NATIONAL PRODUCT!, a series of animated political satires featuring the talents of the legendary comedy duo Double Exposure. These hilarious animated shorts will poke fun at current events with the celebrated wit of Double Exposures Bob Robertson and Linda Cullen. The first episode, takes aim at the Canadian federal elections Leaders Debate.
Views: 1315 animationbrewery
GDP is defined as the monetary value of all the finished goods and services produced within a country's borders in a specific time period. It includes all of private and public consumption, government outlays, investments and exports less imports that occur within a defined territory. So GDP then is really just a measure of economic activity within a nation's own borders. But what does that really tell us about the health of an economy? After all, GDP was growing up until the financial crisis of 2008 (it first contracted in the 3rd quarter of 2008). Well, this is because although GDP can tell us plenty about the extent of economic activity, it tells us absolutely nothing about the quality of that activity, and thus the sustainability of that very growth. The housing bubble, after all, was great for home builders, banks and retailers, but it turned out to be a really bad investment for the economy that blew up as a global financial crisis after only a few good years of partying on cheap credit. To Watch full episode of Capital Account with Lauren Lyster check out http://www.youtube.com/capitalaccount Follow Lauren on Twitter: https://twitter.com/laurenlyster
Views: 4796 RT America
Gross domestic product, the total dollar value of goods and services sold in the U.S., has become fundamental to American economic policy. But there are other essential assets, qualities and conditions that GDP can't measure, like the health of the environment or society. Economics correspondent Paul Solman looks at another way of measuring progress that takes more of these variables into account.
Views: 12255 PBS NewsHour
You've heard about the term, Gross Domestic Product or GDP. But have you heard of the term, GNH or Gross National Happiness? How about the 'Social Progress Index'? Coco Alcuaz tells us all about them in this TWT Report. - ANC, The World Tonight, May 25, 2015
Views: 1492 ABS-CBN News
Federa Debt as a percentage of Gross Domestic Product
Views: 426 kinsmarley1
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 - https://www.facebook.com/InvestYadnya Facebook Group - https://goo.gl/y57Qcr Twitter - https://www.twitter.com/InvestYadnya
Views: 60328 Yadnya Investment Academy
In this video I have explained about GDP or gross domestic product in Hindi. Video will also explain how GDP is calculated. The list of top 10 countries with highest GDP has also been explained. GDP is the general indicator of the economy of any country. GDP is the total market value of all goods and services produced within the boundary of any country in a certain period. So just click and watch the video.... Don't forget to Subscribe this channel for other such kind of informational videos : https://www.youtube.com/channel/UCyvTq-wZONHYc3ZOTD9NxNA And also watch my other videos : what is the meaning of voltage,current,volt,ampere,resistance,load,phase,neutral,watt,unit? https://youtu.be/xFQgt47_R2Y what is a Leap Year | Year 2100 will not be a leap year | But why ? https://youtu.be/PTs5g03hvkI what is GST ? | Explained in very simple language | In Hindi https://youtu.be/dC4yYFw0ySw PAN CARD NUMBER HIDDEN MEANING | IN HINDI | https://youtu.be/exLDvDvwmQc How the President of India is elected ? president election https://youtu.be/j9zWt0X_lKo why some countries drive on left and some on right ? https://youtu.be/iMV1DrgU8Xw why prices are set one rupee less ? | why prices end in 99 ? | pricing strategies https://youtu.be/QLeWObtVSJM why do we see water droplets outside of a cold glass or bottle ? https://youtu.be/TiQsLxogL6Q how much water is there on the earth ? | water distribution https://youtu.be/LyAScNI11r8 Types of power generation in Hindi https://youtu.be/7GdBHR3gov0 what is encephalitis? | dimagi bukhar or japani bukhar | causes, symptoms and prevention in hindi | https://youtu.be/punQbwhjt6A
Views: 2562 Let Us Understand
We created this FastDraw video for Social Progress Imperative to help explore why countries are measured as "successful" according to GDP throughout history, and promote a new call to action. ------------- What does a successful country look like? For 80 years, economic growth, measured in Gross Domestic Product or GDP, has been the usual measure of success. But isn't there more to life than money? How did GDP take over our lives? And where do we go from here? To answer this, we need to go back to 1932... America wants to know if its economy is recovering from the Great Depression. The government asks economist Simon Kuznets to develop a new measure. Kuznets introduces GDP to the world in January 1934. A decade later. World War 2 ends: nations look to economic growth for employment and basic goods and services to maintain a fragile peace and lead the way out of poverty. GDP comes into its own: the signpost on the path to a better world. Yet even Simon Kuznets himself issued a clear early warning: "The welfare of a nation can scarcely be inferred from a measurement of national income as defined by the GDP." Bobby Kennedy, speaking in 1968, warned the world against reading too much into GDP: "It does not allow for the health of our families, the quality of their education...it measures everything, in short, except that which makes life worthwhile." Economic growth, measured by GDP, has help lift millions out of poverty. But a focus on GDP alone masks real problems: GDP says nothing about sustainability or inequality. And GDP counts the money we spend on food or policing crime, and on manufacturing equipment or clearing up after natural disasters, all as "improvement" in our lives. It's time for a radically different, more direct approach to measuring social progress, one that measures what really matters in our lives. So major corporations and foundations have teamed with leading scholars to create The Social Progress Index. Not to replace GDP, but to complement it. To bring business, civil society, and government together around one set of data directly measuring social progress on the things that matter, like clean water, electricity, education, and opportunity for all. Now isn't that a better way of looking at the world than through a single economic lens? We are at the start of an exciting journey, and we want you to join us. To find out more, please visit our site: www.socialprogressimperative.org ----------- For more info, please visit http://www.321fastdraw.com/ Follow us on Facebook: http://www.facebook.com/321fastdraw Follow us on Twitter: http://www.twitter.com/321fastdraw Follow us on Google+: http://gplus.to/321fastdraw
Views: 2592 321fastdraw
In the last three videos, you learned the basics of GDP: how to compute it, and how to account for inflation and population increases. You also learned how real GDP per capita is useful as a quick measure for standard of living. This time round, we’ll get into specifics on how GDP is analyzed and used to study a country’s economy. You’ll learn two approaches for analysis: national spending and factor income. You’ll see GDP from both sides of the ledger: the spending and the receiving side. With the national spending approach, you’ll see how gross domestic product is split into three categories: consumption goods bought by the public, investment goods bought by the public, and government purchases. You’ll also learn how to avoid double counting in GDP calculation, by understanding how government purchases differ from government spending, in terms of GDP. After that, you’ll learn the other approach for GDP splitting: factor income. Here, you’ll view GDP as the total sum of employee compensation, rents, interest, and profit. You’ll understand how GDP looks from the other side—from the receiving end of the ledger, instead of the spending end. Finally, you’ll pay a visit to FRED (the Federal Reserve Economic Data website) again. FRED will help you understand how GDP and GDI (the name for GDP when you use the factor income approach) are used by economists in times of economic downturn. So, buckle in again. It’s time to hit the last stop on our GDP journey. Macroeconomics Course: http://bit.ly/1R1PL5x Ask a question about the video: http://bit.ly/1Um4CgC Next video: http://bit.ly/1oBihUL Help us caption & translate this video! http://amara.org/v/H0mT/
Views: 86186 Marginal Revolution University
#WhatisGdp #GrossDomesticProduct Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced in a period of time, often annually. GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries; therefore using a basis of GDP per capita at purchasing power parity (PPP) is arguably more useful when comparing differences in living standards between nations. Total GDP can also be broken down into the contribution of each industry or sector of the economy. The ratio of GDP to the total population of the region is the per capita GDP and the same is called Mean Standard of Living. GDP is considered the "world's most powerful statistical indicator of national development and progress". how to Calculate GDP.... INDIA GDP VALUE... Latest GDP results.... Gross Domestic Product..... ఈ వీడియో మీకు నచ్చినట్లేతే like చెయ్యండి అలాగే మా ఛానల్ subscribe చెయ్యడం మర్చిపోకండి...plz share my video
Views: 254 Daddu Official
View Part 1: Intro to Debt -- http://www.youtube.com/watch?v=82uXr4znILw It is easy to look at the trillions of dollars that the U.S. owes and think, "Geez, that's a lot of money." And it is. But is it too much money? To decide this, a lot of economists like to look at debt and compare it to our Gross Domestic Product (GDP). A few economists recently looked at the data on debt and economic growth from 44 countries over 200 years. These economists found that when a country's debt is below 90% of its GDP, the debt doesn't seem to effect the country's economy at all. But when it gets over 90%, suddenly that country begins to suffer a 1% decline in economic growth. Today, the U.S. debt is over 100% of its GDP. The same economists have warned that we need to start correcting course now so that our mountain of debt doesn't fight against our economic recovery. Popular Article: http://blogs.wsj.com/economics/2010/01/04/reinhart-and-rogoff-higher-debt-may-stunt-economic-growth/ Scholarly Article: http://www.nber.org/papers/w15639 Epipheo makes videos that allow for human meaning. http://epipheo.com/contact Let's be social together, o-tay? The Epipheo Underground: http://epipheo.tumblr.com Company updates: http://facebook.com/epipheo Quips and short stuff: http://twitter.com/epipheo Behind-the-scenes: http://instagram.com/epipheo Subscribe, if you're into that: http://www.youtube.com/subscription_center?add_user=epipheo Truth, Story, Love. http://epipheo.com
Views: 33659 Epipheo
Hello friends, IAS 10 TWENTY' channel ka yah video aap sab ke liye ek bahot hi shaandaar GDP & GNP - tips and tricks' lekar aaya hai , Jo UPSC k teeno charano se sambandhit hai, Jo UPSC Hindi medium Aspirants k liye kafi upyogi saabit hoga. Yahan apko prelims, mains and even interview ke liye bhi helpful video everyday milenge. Sath hi every week 1 motivational video bhi milega. Is video me maine History initiative se related GDP & GNP se related kafi important facts ko discuss kiya hai. yakin maniye, bharosha rakhiye yah channel apke liye jaroor kahin n kahin upyogi saabit hoga. -------------------------------------------------------------------------------------------------------- About 'IAS 10 TWENTY'; Aap sab ko bata dein, ki 'IAS 10 TWENTY' channel un UPSC students ke liye bahot upyogi saabit hoga jinka madhyam HINDI hai, yah channel poori tarah se Hindi medium walo ko samarpit hai. -------------------------------------------------------------------------------------------------------- Aap hamare har naye updates pane ke liye hamare channel ko.... SUBSCRIBE√ ......Kar sakate hai. 🙏We need .....a Thumbs up(like). ---------------------------------------------------------------------------------------------------------------- 1.Silent Valley National Park ( Environment series) //Cool Explanation and Analysis// IAS 10 TWENTY https://youtu.be/UByZNe4h-ek 2.चार्टर एक्ट1833/Charter Act 1833//History series//Full content for UPSC, and All State PCS exams https://youtu.be/Bs5-sO7HjYk 3. National anthem of India in Hindi// full lecture for UPSC : https://youtu.be/tK2DwTdpM2M 4. British rule- Regulating Act 1773 explanation and analysis for IAS pre and mains : https://youtu.be/B2zWzPQCZCI 5. Complete Booklist for IAS Prelims for Hindi medium. must watch. https://youtu.be/iadnCx98iw4 6. IAS Kaise Banenge - आप IAS कैसे बनेंगे. How to become an IAS officer. Self Evaluation : https://youtu.be/lASZFIU0NHQ 7. भारत का नामकरण(ऐतिहासिक स्रोत)-PART 1/History For IAS, State PCS,& other Competitive Exams(Hindi). https://youtu.be/aNjICZjafIQ 8. Inscriptions(अभिलेख)/ ऐतिहासिक स्रोत- PART 2/History lecture video in HINDI. https://youtu.be/ljvlgjRebYU 9. Jwalamukhi(volcano) Part-1 Full Explanation and Analysis with easy mode by IAS 10 TWENTY( in Hindi) : https://youtu.be/A7H_em_znmg 10. Jwalamukhi( volcano) PART - 2 Full Explanation and Analysis with Easy mode( in hindi): https://youtu.be/jStdb0Fdn2s 11. How does UPSC think while framing a question from current affairs/ how to cover current affairs : https://youtu.be/eVr7v80-oL0 12. CSAT paper 2 strong Strategy for 3th June 2018 prelims"""how to get 40% marks : https://youtu.be/JrH0AX0VLJE 13. UPSC/IAS=बौध्द धर्म से जुड़े 15 सर्वाधिक संभावित तथ्य / bauddha dharm lecture for IAS/UPSC in Hindi https://youtu.be/NVU2vYPFNKg 14.गांधार कला और मथुरा कला - Tips and Tricks || IAS PRELIMS EXAM 2018 https://youtu.be/Ya2DUyBfDAA 15.IAS/UPSC = बिम्बिसारऔर अजातशत्रु related All Important Facts https://youtu.be/zkqu4K7ccUw 16. IAS/UPSC = Dadabhai naroji || All Important Facts || Major Personality https://youtu.be/bGAEOQhx3Dk 17. IAS/PCS = SUBHASH CHANDRA BOSS || All Required Facts || Major Personality Series 2 https://youtu.be/2JI5CPGcxyc 18. IAS/PCS = Dr. Bhivrao ambedkar || All Required Facts || Major Personality Series-3 https://youtu.be/REHihml2TT 19.IAS/PCS = ईश्वर चन्द विद्यासागर, All Required Facts || Major Personality Series-5 https://youtu.be/Rb2JSORgyP8 20. UPSC/IAS = सिंधुघाटी सभ्यता // Indus valley civilization || Agriculture https://youtu.be/COhE4QkSHz8 21. IAS/UPSC = Environment Current Affairs (in Hindi) Lecture-1 || Most Important Environment Bodies https://youtu.be/jPxiSxQUx8Y Enjoy this Video: GDP and GNP - Trick for All Competitive exams
Views: 2058 IAS 10 TWENTY
This video illustrates and informs about the top ten most powerful economies of the world as per their total nominal Gross domestic product. They are Canada, Italy, Brazil, France, India, United Kingdom, Germany, Japan, China, United states of America.
Views: 180 BULLS EYE
Why are some countries rich? Why are some countries poor? In the end it comes down to Productivity. This week on Crash Course Econ, Adriene and Jacob investigate just why some economies are more productive than others, and what happens when an economy is mor productive. We'll look at how things like per capita GDP translate to the lifestyle of normal people. And, there's a mystery. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Jan Schmid, Simun Niclasen, Robert Kunz, Daniel Baulig, Jason A Saslow, Eric Kitchen, Christian, Beatrice Jin, Anna-Ester Volozh, Eric Knight, Elliot Beter, Jeffrey Thompson, Ian Dundore, Stephen Lawless, Today I Found Out, James Craver, Jessica Wode, Sandra Aft, Jacob Ash, SR Foxley, Christy Huddleston, Steve Marshall, Chris Peters Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 897086 CrashCourse
Gross domestic product (GDP) rose 0.5 percent in the March 2018 quarter. This followed a 0.6 percent increase in the December 2017 quarter. Growth in service industries more than offset a fall in construction activity. https://www.stats.govt.nz/news/gdp-growth-eases-slightly
Views: 104 Stats NZ
everyone is always GDP this and GDP that. But - is obsessing over our nation's gross domestic product really the best way to talk about the growth and state of the American economy? In 1968 - Kennedy said this of measures like GDP and GNP: "Our Gross National Product, now, is over $800 billion dollars a year...if we judge the United States of America by that - that Gross National Product counts air pollution and cigarette advertising, and ambulances to clear our highways of carnage...
Views: 578 The Big Picture RT
At an event sponsored by the Office of Social Justice, Inclusion, and Conflict Resolution and by the Women's and Gender Studies program, Aleyamma Mathew, the director of Women's Economic Justice Ms. Foundation for Women takes a look at the history and growth of women in America.
Views: 176 RowanCHSS
This week on Perspective with Alison Smith: Power Shift - The Rise of Asia's Global Influence Asian countries are 3 of the top 10 economies in the world. North America’s trade with Asia totals $1.4 Trillion Like this video? Subscribe to CPAC on YouTube: https://www.youtube.com/user/cpac/ Connect with us on… Twitter: https://twitter.com/PerspectiveCPAC Facebook: https://www.facebook.com/CPACTV Instagram: https://www.instagram.com/cpac_tv/
Views: 112 cpac
On April 28, 2016 the United States Commerce Department made the historic announcement that the Gross Domestic Product, or GDP, grew at an anemic rate of a paltry half of one percent. That followed a pale fourth quarter advance of 1.4%. This puts Barack Obama on track for about a 1 1/2 percent for his 8 year term and it gives him the dubious distinction of having been the first U.S. President in history not to see a single year of 3% GDP growth. In comparison, President Ronald Reagan oversaw a real annual GDP growth rate of 3.5%, more than double that of Obama whose economic record is on track to rank the fourth worse of any President in history. But keep in mind, these statistics are coming from the Obama Administration and there are plenty of ways to cook the books, so to speak. Even with numerous gourmet economic chefs working overtime trying to find something redeemable about Obama's economic record, this is the best they can do? Makes me wonder: Is it possible that some day historians will look back and determine that the record of this current ObamaNation was the worst in history? Ouch.
Views: 4838 CleanTVcom
People shop at The Grove mall in Los Angeles November 26, 2013. U.S. economic growth likely accelerated in the third quarter as consumers maintained a strong pace of spending and exports surged, potentially keeping the Federal Reserve on track to raise interest rates in December. Gross domestic product probably increased at a 2.5 percent annual rate after expanding at a 1.4 percent pace in the second quarter, according to a Reuters survey of economists. That would be the strongest growth rate since the second quarter of 2015. http://feeds.reuters.com/~r/reuters/topNews/~3/PA0MUHYtCSU/us-usa-economy-idUSKCN12S0E5 http://www.wochit.com This video was produced by YT Wochit Business using http://wochit.com
Views: 123 Wochit Business