Home
Search results “Real gross national product is”
Nominal vs. Real GDP
 
07:41
"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: http://bit.ly/1R1PL5x Ask a question about the video: http://bit.ly/24pzD7X Next video: http://bit.ly/1TGgR8r Help us caption & translate this video! http://amara.org/v/H0PX/
Real GDP and nominal GDP | GDP: Measuring national income | Macroeconomics | Khan Academy
 
08:04
Using real GDP as a measure of actual productivity growth Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/macroeconomics/gdp-topic/real-nominal-gdp-tutorial/v/gdp-deflator?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/macroeconomics/gdp-topic/GDP-components-tutorial/v/examples-of-accounting-for-gdp?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Macroeconomics on Khan Academy: Topics covered in a traditional college level introductory macroeconomics course About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy's Macroeconomics channel: https://www.youtube.com/channel/UCBytY7pnP0GAHB3C8vDeXvg Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 496312 Khan Academy
Macro Unit 2.2- Nominal and Real GDP Advanced Placement Macroeconomics
 
01:42
In this video I explain the difference between nominal and real GDP. Don't forget that Real GDP is adjusted for inflation. Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class. Please subscribe. If you need more help, check out my Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji
Views: 262355 Jacob Clifford
Real GDP and the GDP Deflator
 
11:26
A nation's GDP measure's the value of its output of goods and services in a particular period of time. Gross Domestic Product is expressed in dollar terms, which means that if the price of goods and services rise, a country's nominal GDP figure will increase. The problem with this is that an increase in the nominal (numerical) value of a country's output can increase when price levels rise, even if the actual level of output remains the same. For this reason, it is important to adjust a nation's nominal GDP for any changes in the price level that occur between two periods of time. Once nominal GDP is adjusted for inflation or deflation, we arrive at real GDP, which is a much more accurate measurement of the actual level of output in a nation, adjusting for any changes in prices. This lesson will define nominal and real GDP and use a numerical example to illustrate why measuring nominal GDP produces a false impression of the actual level of output a nation is producing from one year to the next. We will then use a simple formula to determine the GDP deflator, the price index that allows us to adjust nominal GDP to arrive at real GDP. Want to learn more about economics, or just be ready for an upcoming quiz, test or end of year exam? Jason Welker is available for tutoring, IB internal assessment and extended essay support, and other services to support economics students and teachers. Learn more here! http://econclassroom.com/?page_id=5870
Views: 160735 Jason Welker
Real GDP Per Capita and the Standard of Living
 
05:14
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/
Nominal and real GDP calculation
 
05:03
Calculation of nominal and real gross domestic product for www.inflateyourmind.com principles of macroeconomics text, unit 3 by john bouman.
Views: 28860 John Bouman
Nominal versus Real GDP
 
11:25
This video outlines the difference between Nominal GDP (Gross Domestic Product) and Real GDP and explains how to calculate the levels and growth rates for each. For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/ For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/ By Jodi Beggs - Economists Do It With Models http://www.economistsdoitwithmodels.com Facebook: http://www.facebook.com/economistsdoitwithmodels Twitter: http://www.twitter.com/jodiecongirl Tumblr: http://economistsdoitwithmodels.tumblr.com
Views: 165842 jodiecongirl
What is Gross Domestic Product (GDP)?
 
04:36
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/
What The Heck Is GDP?
 
04:26
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/
Explaining the Gross National Product
 
01:31
Gross National Product Start your Business Today and change your life , Check this free Gift http://bit.ly/2oMRoPz Now !
Views: 14999 THINK & GROW RICH
Fundamentals of Macroeconomics Unit:  The Difference Between GDP vs. GNP
 
07:04
Hey Everyone, This is video 5 of 12 videos in "The Fundamentals of Macroeconomics Series". Watch the entire series right here: https://www.youtube.com/playlist?list=PLNI2Up0JUWkG6AmW4E2YNV_hBP0AVuw4v As a teacher of IB Economics in Santiago, Chile, these videos were created to help students navigate their way through their two-year course of study. I have made these videos public in the hope that they might be helpful to other Economics students around the world. Check out all of the Macroeconomic playlists… Fundamentals of Macroeconomics Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkG6AmW4E2YNV_hBP0AVuw4v Aggregate Demand and Aggregate Supply Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkGyyUCGXdTWNgfkKJ9_0l6q Macroeconomic Equilibrium Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkGZBoaxdZHC9mokrwtXT4Xg Low Unemployment Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkFCxtc5-8q_AJseZFYbVeA4 Low and Stable Rate of Inflation Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkGfCtnjSTIPQhZkZxzZM2Pf Economic Growth Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkFxkSsb8p3fCrx0Z3i59REX Equity in the Distribution of Income Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkEFqlgvMNOhJ3pei2zXyuhD Fiscal Policy Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkGCPnKi4Er5FH8s_SV_WXH3 Monetary Policy Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkFCISVn47ZJzL7qx291zlS7 Supply-Side Policies Series https://www.youtube.com/playlist?list=PLNI2Up0JUWkGczuu4Frzrw9oBgp2GU4e5 Enjoy! Brad Cartwright
Views: 59983 Econ Course Companion
Explaining Gross National Income
 
01:57
Explaining Gross National Income Start your Business Today and change your life , Check this free Gift http://bit.ly/2oMRoPz Now !
Views: 13955 THINK & GROW RICH
What is GDP? | CNBC Explains
 
04:11
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: 93624 CNBC International
GDP explained | What is GDP? | How is GDP calculated? | Income vs Expenditure Approach
 
09:54
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
What Is GDP?
 
01:47
What is GDP and why should you even care? Find out in 2 minutes! Host: Wala'a El Barasse
Views: 467480 imf
Growth rate of the real gross domestic product (GDP) from 2012 to 2022 - Statista Report
 
06:49
Growth rate of the real gross domestic product (GDP) from 2012 to 2022 - Statista Report #pakistanGrowth #GDP #PakistanEconomy #StatistaReport Subscribe channel for getting more and valuable videos Facebook Page : https://www.facebook.com/smmarufun/ Twitter : https://twitter.com/Ten_Ever
Views: 1052 World Affairs
Gross Domestic Product (GDP)—Nominal GDP, Real GDP, & the GDP Deflator
 
11:28
In this video Heimler explains how to understand and calculate a nation's Gross Domestic Product.
Views: 313 Steve Heimler
Gross Domestic Product – Economic Lowdown, Ep. 7
 
07:52
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
Real GNP or real GDP
 v/s Nominal GNP or nominal GDP
 
01:01
Macro economics real and nominal GNP. Please comment whether it's useful or not. Please give correct point of view whether this video helps you or not.
Macro Unit 2.1- GDP and Economic Growth
 
03:38
In this short video I explain GDP, the components of GDP, and what is not included in the Gross Domestic Product. Thanks for watching, please subscribe If you need more help, check out my Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji
Views: 373280 Jacob Clifford
GDP deflator | GDP: Measuring national income | Macroeconomics | Khan Academy
 
06:28
Relationship between the GDP deflator, nominal GDP and real GDP Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/macroeconomics/gdp-topic/real-nominal-gdp-tutorial/v/example-calculating-real-gdp-with-a-deflator?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/macroeconomics/gdp-topic/real-nominal-gdp-tutorial/v/real-gdp-and-nominal-gdp?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Macroeconomics on Khan Academy: Topics covered in a traditional college level introductory macroeconomics course About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy's Macroeconomics channel: https://www.youtube.com/channel/UCBytY7pnP0GAHB3C8vDeXvg Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 293516 Khan Academy
Gross Domestic Product: Real versus Nominal GDP
 
07:41
This video explains the difference between real GDP and nominal GDP. Nominal GDP is GDP calculated using prices from the current year. For example, nominal GDP in 2013 is calculated using prices from 2013, so if an apple costs $1 in 2013 then each apple produced is worth $1 for GDP. Suppose that the price of apples rises to $2 in 2014. Real GDP is GDP calculated using prices from the base year. If 2013 is the base year and we want to calculate real GDP for 2014 then each apple produced in 2014 is worth $1 towards GDP even though apples sell for $2 in 2014. Real GDP uses constant prices, so the only way real GDP can change is if the quantities change. Therefore, the real GDP calculation purges price changes from our measure of GDP.
Views: 4327 Matthew Rafferty
Real GDP meaning
 
05:35
Views: 8115 ecopoint
Parsing gross domestic product | GDP: Measuring national income | Macroeconomics | Khan Academy
 
11:59
Understanding what GDP does and doesn't measure. Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/macroeconomics/gdp-topic/circular-econ-gdp-tutorial/v/more-on-final-and-intermediate-gdp-contributions?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/macroeconomics/gdp-topic/circular-econ-gdp-tutorial/v/circular-flow-of-income-and-expenditures?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Macroeconomics on Khan Academy: Topics covered in a traditional college level introductory macroeconomics course About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy's Macroeconomics channel: https://www.youtube.com/channel/UCBytY7pnP0GAHB3C8vDeXvg Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 320365 Khan Academy
Components of GDP | GDP: Measuring national income | Macroeconomics | Khan Academy
 
04:58
Thinking about how different types of expenditures would be accounted for in GDP Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/macroeconomics/gdp-topic/GDP-components-tutorial/v/examples-of-accounting-for-gdp?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/macroeconomics/gdp-topic/GDP-components-tutorial/v/income-and-expenditure-views-of-gdp?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Macroeconomics on Khan Academy: Topics covered in a traditional college level introductory macroeconomics course About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy's Macroeconomics channel: https://www.youtube.com/channel/UCBytY7pnP0GAHB3C8vDeXvg Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 328508 Khan Academy
Gross domestic expenditure and  expenditure on gross domestic product
 
02:33
Is the following statement true or false? Explain your answer. If imports exceed exports gross domestic expenditure exceeds expenditure on gross domestic product.
Views: 3378 lostmy1
Y1/IB 4) Measures of Economic Growth - GDP, GDP/Capita, GNI, Green GDP
 
14:12
Measures of Economic Growth - GDP, GDP/Capita, GNI, Green GDP. A video covering Measures of Economic Growth - GDP, GDP/Capita, GNI, Green GDP Twitter: https://twitter.com/econplusdal Facebook: https://www.facebook.com/EconplusDal-1651992015061685/?ref=aymt_homepage_panel
Views: 43623 EconplusDal
How to Calculate Real GDP
 
01:36
Watch more Intermediate Math Skills videos: http://www.howcast.com/videos/437592-How-to-Calculate-Real-GDP The real gross domestic product of a country measures the value of its economic activity. But how can you calculate it? Step 1: Understand real GDP Know that a country's GDP is the sum of the prices of all goods and services produced in its economy during a set period of time. Step 2: Understand base years Understand that real GDP is the sum of all produced goods and services at constant prices gleaned from a specified base year. Real GDP permits a comparison of economic growth from year to year in terms of production of goods and services. Tip In contrast, nominal GDP is the sum of the value of all produced goods and services at current prices. Nominal GDP is a better indicator of sheer output than the value of output over time. Step 3: Choose a base year Choose a base year. The prices for this year will be used for the calculations in the other years as well. Step 4: Evaluate economic activity Evaluate economic activity by determining the values of consumer spending, investment, government spending, and net exports in base year prices. Step 5: Calculate the sum Calculate the sum of these separate contributions to GDP. Then compare your country's ranking with that of others. Did You Know? The real GDP of the United States was approximately $12.9 trillion in 2009.
Views: 51993 Howcast
Facts about GNP (Gross National Product)
 
00:55
Ninang Riza Matibag-Muyot discusses about Gross National Product or Gawa Ng Pinoy. It refers to the prices of all products and services that are made by Filipinos inside or outside the country. For more videos: http://www.untvweb.com/video/ For News Update, visit: http://www.untvweb.com/news/ Check out our official social media accounts: http://www.facebook.com/UNTVNewsRescue http://www.twitter.com/untvnewsrescue https://www.youtube.com/UNTVNewsandRescue Instagram account - @UNTVLife Feel free to share but do not re-upload.
Views: 1783 UNTV News and Rescue
What is GDP, GNP, NDP, NNP and Per Capita Income ?
 
06:22
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: 49722 PrepMate Edutech
Calculating Gross Domestic Product
 
08:29
This video explains how to calculate Gross Domestic Product mathematically and goes through a numerical example. It also shows how to calculate the percentage change in GDP from year to year. For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/ For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/ By Jodi Beggs - Economists Do It With Models http://www.economistsdoitwithmodels.com Facebook: http://www.facebook.com/economistsdoitwithmodels Twitter: http://www.twitter.com/jodiecongirl Tumblr: http://economistsdoitwithmodels.tumblr.com
Views: 162254 jodiecongirl
Measuring GDP using the Income Approach and the Expenditure Approach - HD
 
14:02
GDP is generally understood to represent the health of a nation's economy, and most people realize that if GDP is growing, things are going well, while if it's falling things have turned sour in the economy. But what, precisely, does GDP measures? There are two primary methods for measuring GDP, which should yield the same result even though they measure completely different factors. -The income approach: measures the total incomes earned by households in a nation in a year. -The expenditure approach: measures the total amount spent on the goods produced by a country in a year. By examining the circular flow model of a nation's economy, we can demonstrate why every dollar earned by a household in a nation's resource market will ultimately be spent in the product market, or leaked through taxes, savings, and import spending, leading to injections in the form of government spending, investment and export sales. In the video lecture below, the two methods for measuring GDP are introduced, and the various components it includes are explained in detail. Want to learn more about economics, or just be ready for an upcoming quiz, test or end of year exam? Jason Welker is available for tutoring, IB internal assessment and extended essay support, and other services to support economics students and teachers. Learn more here! http://econclassroom.com/?page_id=5870
Views: 295194 Jason Welker
Limitations of GDP (gross domestic product)
 
06:23
GDP is the most widely used measurement used to determine whether a country's economy is succeeding or failing. But it has several limitations that make it an imperfect indicator of society's overall well-being. In this video we'll examine what GDP does well, and importantly what it does not do well. For more resources for economics students and teachers visit http://econclassroom.com
Views: 1661 Jason Welker
Splitting GDP
 
06:00
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/
[Hindi] Difference between GDP, NDP, GNP, and NNP
 
13:50
To watch all lessons click here:- https://goo.gl/hSv8yn | Download the Unacademy Learning App from the Google Play Store here:- https://goo.gl/02OhYI | Discuss the course with fellow aspirants here:- https://goo.gl/WJrQpI This course only covers those topics which have a very high cost to benefit ratio i.e. probability of a question appearing in the exam from this particular section is astronomically high. Do watch all these lessons and gain a cutting edge over your competitors. This will help you to score more marks. It's a must go course before go for the prelims examination. For more lessons on UPSC CSE Preparation, please visit:- https://unacademy.in/upsc-preparation/all/
Views: 284512 Unacademy
Real Gross Domestic Product 2013
 
01:43
Video Upload by: Barima Osei Asare ([email protected])
Views: 249 MyJoyOnline TV
Euronews - The Gross Domestic Product explained
 
01:23
http://www.emanuelecolombo.it http://www.twitter.com/ema_colombo Client: Euronews // European Commission Agency: Latte Creative My role: Illustration, motion design, sound design Producers: Valentina Carta, Chiara Reid Voice Over: Natalya Bykov Euronews is a European, multilingual news television channel available in 155 countries all over the world. I was commissioned to produce this animation for a show called "Real Economy." It is the pilot of a series of 20 short videos, each trying to explain a specific economic concept in a simple and engaging way.
Views: 48130 Emanuele Colombo
Macro Unit 2 Summary- Measuring the Economy
 
23:37
Hey, this is Jacob Clifford and welcome to the Macro Unit 2 Summary. This unit is about measuring the economy and covers topics like GDP (1:04), the business cycle (6:15), unemployment (7:28), the types of unemployment, the natural rate of unemployment, inflation (12:14), CPI, GDP deflato (17:59), and the causes of inflation (19:52). It also includes a pretty awesome Bonus Round (11:23). Be sure to subscribe and get the ultimate review packet. Thanks for watching. Get the packet and support ACDCEcon http://www.acdcecon.com/#!review-packet/czji Practice Multiple Choice Questions for Macro Unit 2 https://www.youtube.com/watch?v=Ks5MBWBdmQo Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3... Microeconomics Videos https://www.youtube.com/watch?v=swnoF... Watch Econmovies https://www.youtube.com/playlist?list... Follow me on Twitter https://twitter.com/acdcleadership
Views: 542057 Jacob Clifford
Unacademy Economics: Gross Domestic Product - GDP - Constant & Current Prices
 
09:20
Watch the entire economics collection here: https://unacademy.in/collection/introduction-to-economics-by-israel-jebasingh For more educational lessons by top educators visit http://unacademy.in This lesson explains the concept of GDP: Constant & Current Prices Unacademy Contribute - you can leave an optional fee for the educators teaching on Unacademy here http://imojo.in/7hrsl2
Views: 55920 Unacademy
How GDP is calcualted in India | National Income | Gross Domestic Product Calculation
 
12:24
Support us : https://www.instamojo.com/@exambin/ Download our app : http://examb.in/app GDP or National income measures the monetary value of the flow of output of goods and services produced in an economy over a period of time. While uncoding the definition we can easily figure out what is GDP. Measuring the level and rate of growth of national income (Y) is important for keeping track of: • The rate of economic growth • Changes to living standards • Changes to the distribution of income between groups within the population Gross Domestic Product • Gross domestic product (GDP) is the total value of output produced in a given time period • GDP includes the output of foreign owned businesses that are located in a nation following foreign direct investment. For example, the output produced at the Nissan car plant in Chennai contributes to the India’s GDP how gdp is calculated in india,how gdp is calculated There are three ways of calculating GDP - all of which in theory should sum to the same amount: National Output = National Expenditure (Aggregate Demand) = National Income (i) The Expenditure Method - Aggregate Demand (AD) The full equation for GDP using this approach is GDP = C + I + G + (X-M) where • C= Consumer spending • I = Investment (Gross fixed Capital Formation) • G= Government Spending • X= Exports • M= Imports ii. The Income Method – adding together factor incomes GDP is the sum of the incomes earned through the production of goods and services. This is: how gdp is calculated in india with example,gdp of india Income from people in jobs and in self-employment (e.g. wages and salaries) • + • Profits of private sector businesses • + • Rent income from the ownership of land • = • Gross Domestic product (by sum of factor incomes) Every year, billions of pounds worth of activity is not declared to the tax authorities. This is known as the shadow economy. And the money involved is commonly known as Black Money. Published figures for GDP by factor incomes will be inaccurate because much activity is not officially recorded. iii. GDP by Output (Value Added) Gross Value Added and Contributions to a nation’s GDP • There are three main wealth-generating sectors in an economy – manufacturing and construction, primary (including oil& gas, farming, forestry & fishing) and a wide range of service-sector industries. • This measure of GDP adds together the value of output produced by each of the productive sectors in the economy using the concept of value added. . gdp full form, gnp and gdp Value added is the increase in the value of goods or services as a result of the production process Value added = value of production - value of intermediate goods Say you buy an Onion Dosa from a restaurant for Rs.60/-. This is the retail price and will count as consumption. The Dosa has many ingredients at stages of the supply chain – Rice Growing farmers, Batter Makers, Onion Producers, Various Masala Ingredient Makers and also the value created by the restaurant as they put the Dosa together and deliver to the consumer. Manufacturing & Industrial Manufacturing is one of the production industries, which also include mining, electricity, water & waste management and oil & gas extraction. In 2016, the Indian manufacturing and Industrial sector accounted for 29% of total Indian GDP. national income,how gdp affects the economy,how gdp growth rate is calculated Manufacturing in the World Economy • The creative force behind 10bn unique products • It accounts for 15-20 per cent of world economy • It employs roughly about 5 pc of world population) The main service sector industries in India are: gdp how to calculate,how gdp is calculated in india, • The majority of Indian GDP comes from service industries such as banking and finance, software, tourism, retailing, education and health. In 2016, the service sector accounted for 54% of economic output, the Industry and manufacturing sector for 29% and the Agriculture sector for 17%. Agricultural and Allied Sector : gdp explained in telugu,gdp explained in tamil,gdp in simple language,gdp in simple words,gross domestic product,gross domestic product explained,Gross Domestic Product Calculation Agriculture sector includes Agriculture (Agriculture proper & Livestock), Forestry & Logging, Fishing and related activities AND its accounted for 17% of INDIA GDP 2016   Per Capita Gross National Income How much does each person earn on average? We use per capita measures to give us a guide to this. Income per capita is a way of measuring the standard of living for the inhabitants of a country. Gross National Income per capita = Gross National Income / Total Population
Views: 4688 Exambin
ശരിക്കും എന്താണ് GDP? Gross Domestic Product ഏറ്റവും എളുപ്പത്തിൽ മനസിലാക്കാം Explained Malayalam
 
13:26
In this video, I explain the basics of GDP, what GDP is, what constitutes GDP, different types of GDP - nominal and real GDP. We often hear about India GDP growth. Let us understand the fundamentals, meaning and definition of GDP in Malayalam, explained very easily with simple examples. #gdp #grossdomesticproduct #india #malayalam Please like, share, support and subscribe at https://www.youtube.com/ShariqueSamsudheen :) Instagram - sharique.samsudheen Like and follow on Facebook at www.facebook.com/sharqsamsu
Views: 27393 Sharique Samsudheen
Macroeconomics: Crash Course Economics #5
 
13:43
This week, Adriene and Jacob teach you about macroeconomics. This is the stuff of big picture economics, and the major movers in the economy. Like taxes and monetary policy and inflation and policy. We need this stuff, because if you don't have a big picture of the economy, crashes and panics are more likely. Of course, economics is extremely complex and unpredictable. Today we'll talk about GDP as a measure of a country's economic health, the basics of economic analysis, and even a little about full employment, unemployment 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: 1166324 CrashCourse
Top 10 World's Largest Economies in 2017 by Real GDP
 
03:05
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: 7751 Stash Financial
What is GDP ? - Basic Concept (Urdu)
 
05:45
GDP is a very handy method of identifying a country's growth and economic condition. This term is widely used on TV, Social media, radio, NEWS papers and especially used by our politicians. However, a huge number of people still do not understand GDP. In this video I have tried to explain this concept in a basic and simplified manner. Link for Appendix video: https://youtu.be/gboZFvM2HYI I have taken references from the following sources: -https://en.wikipedia.org/wiki/Gross_domestic_product -https://en.wikipedia.org/wiki/Simon_Kuznets -https://www.thesolutionsjournal.com/article/a-short-history-of-gdp-moving-towards-better-measures-of-human-well-being/ -https://www.youtube.com/watch?v=rGqhTQyY6g4 Background Music: Cool Ride by Audionautix is licensed under a Creative Commons Attribution license (https://creativecommons.org/licenses/by/4.0/) Artist: http://audionautix.com/
Views: 55509 Random Guy
Real Gross Domestic Product
 
00:58
An Easy Overview Of Real Gross Domestic Product
Views: 19 Christopher Hunt
Real GDP Per Capita | Macroeconomics
 
02:16
https://goo.gl/mQSvr6 for more FREE video tutorials covering Macroeconomics.
Views: 6322 Spoon Feed Me
Nominal GDP versus Real GDP
 
08:01
A discussion of how and why we calculate Real GDP.
Views: 1066 Brian DeLallo
Macro Unit 2.6- GDP Deflator Practice AP Macroeconomics
 
03:47
The GDP deflator is a measure of inflation and is used to convert the nominal GDP into the real GDP. Try doing these three questions to practice using the GDP deflator. Thanks for watching. Please subscribe. If you need more help, check out my Ultimate Review Packet- http://www.acdcecon.com/#!review-packet/czji
Views: 238237 Jacob Clifford

Critical thinking and test item writing by susan morrison
Le president de la republique dissertation abstract
Panache report blog membership
Difference between letter report and memo report
Programmer cover letter unnecessary