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Investment and consumption | GDP: Measuring national income | Macroeconomics | Khan Academy
 
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Difference between every day and economic notions of investment and consumption Watch the next 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 Missed the previous 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 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: 307175 Khan Academy
Components of GDP | GDP: Measuring national income | Macroeconomics | Khan Academy
 
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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: 331803 Khan Academy
Gross and Net understand the difference between them for GDP NDP GNP NNP
 
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The concept of gross and net helps to understand the concept of GDP & NDP and other related concepts like Gross income and Net income, Gross Pay and Net Pay, Gross National Product and Net National Product, Gross Domestic Product and Net Domestic Product as well as important for topics like Gross Profit and Net Profit, Gross Weight and Net Weight, Gross Salary and Net Salary There are many terms which we come across while we do our study. Many times we find it difficult to understand the exact meaning of these terms. In exam, questions will not come directly on these terms. But their better understanding will improve the quality of your answers. In this video series named "Concepts", we are focusing on such terms which will help you in further studies. For more videos visit - http://www.upscmantra.com/videos Synergy Study Point, as a UPSC Coaching Institute, strive to have an undivided focus on creating success stories as the Unique Selling Proposition. Located at the education hub Pune, Maharashtra, Synergy is undoubtedly a leading coaching institute for Civil Services (UPSC) and State Services (MPSC) Examination, in India. In past 11 years, with the focus on quality teaching, we have created unparalleled track record and 500+ success stories in Civil Services (UPSC) and State Services (MPSC) Examination. Teaching is a noble profession; we are committed to its values. We truly feel that the field of education needs to maintain its sanctity even with more caution during such changing times. We at ‘Synergy’ intend to ignite minds of thousands of capable and deserving young graduate population of the nation and guide their aspirations to succeed in competitive examinations to its conclusion.
Macro Unit 2.1- GDP and Economic Growth
 
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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: 379624 Jacob Clifford
Economics: What is "gross" in GDP?
 
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What is the meaning of "gross" in Gross Domestic Product? Gross investments = net investments + depreciation
Views: 148 MyFinanceTeacher
GDP = C + I + G + (X-M)
 
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Notes for Economics www.saseassociates.com The Gross Domestic Product (GDP) is measured as the sum of: Consumption (C)--of goods, both durable and non-durable, and services; Investment (I)--composed of the value held by businesses in the form of raw material and work-in-progress, the inventory of unsold finished goods, plant and equipment, and rental real estate that can provide a income flow; Government spending (G) for inputs and outputs at the federal, state, and local levels; and Net Exports (NX), which is the difference between the value of a country's exports and its imports. In summary, GDP = C + I + G + NX
Views: 13358 Video Economist
What is Gross Domestic Product (GDP)?
 
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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/
Expenditure approach to calculating GDP examples | AP Macroeconomics | Khan Academy
 
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Learn about how purchases of different things would impact GDP. View more lessons or practice this subject at http://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/economic-iondicators-and-the-business-cycle/21/v/expenditure-approach-to-calculating-gdp-examples-ap-macroeconomics-khan-academy?utm_source=youtube&utm_medium=desc&utm_campaign=apmacroeconomics AP Macroeconomics on Khan Academy: Welcome to Economics! In this lesson we'll define Economic and introduce some of the fundamental tools and perspectives economists use to understand the world around us! Khan Academy is a nonprofit organization with the mission of providing a free, world-class education for anyone, anywhere. We offer quizzes, questions, instructional videos, and articles on a range of academic subjects, including math, biology, chemistry, physics, history, economics, finance, grammar, preschool learning, and more. We provide teachers with tools and data so they can help their students develop the skills, habits, and mindsets for success in school and beyond. Khan Academy has been translated into dozens of languages, and 15 million people around the globe learn on Khan Academy every month. As a 501(c)(3) nonprofit organization, we would love your help! Donate or volunteer today! Donate here: https://www.khanacademy.org/donate?utm_source=youtube&utm_medium=desc Volunteer here: https://www.khanacademy.org/contribute?utm_source=youtube&utm_medium=desc
Views: 11098 Khan Academy
Investment and concept of Investment
 
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Meaning of investment and concept of investment (Economic investment , General Investment , Business Investment , Financial investment )
Views: 50637 Commerce Hub
#45, Basic formulas of national income (Class 12 macroeconomics)
 
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Class 12 macroeconomics... National income and related aggregates... Basic formulas... Gross and net... Domestic and national... Factor cost and market price... Contact for my books...7690041256 Economics on your tips video 45 Our books are now available on Amazon Special Combo - Economics on your tips Micro + Macro http://amzn.in/d/eSxj5Ui Economics on your tips Macroeconomics http://amzn.in/d/2AMX85O Economics on your tips Microeconomics http://amzn.in/d/cZykZVK Official series of playlists UG courses ( bcom, bba, bca, ba, honours) – https://www.youtube.com/playlist?list=PLgC10_Xv-BGirAqOr-hU8e-N_Nz0UpgJ- Micro economics complete course – https://www.youtube.com/playlist?list=PLgC10_Xv-BGg5n3YU6oEV7_HIzBuEbbOz Macro economics complete course- https://www.youtube.com/playlist?list=PLgC10_Xv-BGg2ORORpILqiDR1gyH3MkXw Statistics complete course- https://www.youtube.com/playlist?list=PLgC10_Xv-BGjrAkDyeMioJ7DEexAEeVdt National income – https://www.youtube.com/playlist?list=PLgC10_Xv-BGjpE-1V4uz_0wvvbZQnSsj_ In order to promote us and help us grow Paytm on - 7690041256
Views: 465974 Economics on your tips
Y1/IB 4) Measures of Economic Growth - GDP, GDP/Capita, GNI, Green GDP
 
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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: 45846 EconplusDal
Calculating Real GDP, savings and net taxes
 
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This video goes over a numerical example of how to calculate real GDP, income, savings and net taxes. More information on this subject can be found at http://www.freeeconhelp.com/2012/03/calculating-real-gdp-total-income-and.html The numbers included are from a sample problem using real information from the US economy. The trick here is to remember the simple equation of Y=C+I+G+NX when calculating GDP, the rest is plugging in the numbers that are given to you in the problem. However, it is a good idea to develop an intuitive understanding of what real GDP is which you can strengthen by watching the video and reviewing the article above.
Views: 40456 Free Econ Help
Income and expenditure views of GDP | GDP: Measuring national income | Macroeconomics | Khan Academy
 
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Looking at a simple model of an economy Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/macroeconomics/gdp-topic/GDP-components-tutorial/v/components-of-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/investment-and-consumption?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: 289586 Khan Academy
GDP - Is it Counted and Where?
 
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This video lesson discusses the components of GDP Expenditure. These expenditures include; consumption spending, investment spending, government spending, and net exports. This video lesson will provide examples of GDP expenditures, and will discuss if the expenditure is counted as part of GDP and where.
Views: 451 Chris Thomas
GDP explained | What is GDP? | How is GDP calculated? | Income vs Expenditure Approach
 
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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
Calculating Gross Domestic Product
 
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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: 164611 jodiecongirl
GDP (Gross Domestic Product)
 
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Knowledge Punk presents Gross Domestic Product (GDP) in 101 Seconds. GDP, or Gross Domestic Product, is a measure of the total economic activity of a country within a specific period of time, usually a year. It is considered to be a reasonably useful indicator of a state's overall economic health and standard of living. The simplest and most direct method for measuring GDP is the expenditure method, which is represented by the following equation: GDP = C + G + I + NX, where: -C- = private consumption -G- = government spending -I- = gross investment -NX- = net exports (i.e. exports minus imports) GDP can also be measured by the output measure (the value of goods and services produced by all sectors of the economy) and the income measure (the value of incomes in terms of profits and wages). Theoretically, all three measures should yield the same value. At nearly 16 trillion dollars in 2012, the US has the world's largest GDP. The next highest is China, at just half this amount, with around 8 trillion dollars. Japan, Germany and France complete the top 5. Although GDP offers a useful economic snapshot of whether a national economy is improving or declining, it does not give a complete picture of a country's wealth. For example, it ignores the hidden or "black" economy, and the figure is not adjusted for inflation of deflation.
Views: 54 UniversityofShed
L5/P1: GDP Calculation Methods, CSO Base-revision, Economic Survey Data
 
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Language: Hindi, Topics Covered: 1. definition and formulas of Gross Domestic Product (GDP), GNP, NNP, net national income and net disposable income 2. Three methods of calculating GDP: income method, expenditure method and production or gross value added (GVA) method. 3. Modification done by CSO (Central statistical Organisation) in the calculation of GDP and its base year 4. Criticism against the new CSO method for calculating GDP. 5. Sectoral growth rate data from economic survey, ascending descending orders for MCQs. Powerpoint available at http://Mrunal.org/download Exam-Utility: UPSC CSAT, Prelims, Mains, CDS, CAPF, Bank, RBI, IBPS, SSC and other competitive exams, IIM, XLRI, MBA interviews and GDPI Venue: Sardar Patel Institute of Public Administration (SPIPA), Satellite, Ahmedabad, Gujarat,India
Views: 252379 Mrunal Patel
Measuring GDP: Output and Value-added Approach
 
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Transcript: 1 Looking at the Circular Flow of Income, 1 We see that stuff just gets transformed in different stages. 1 Firms use factors of production from households, 1 Perform some magic, 1 And Tada! You get goods and services 1 These are sold back to households. 1 Households pay for these stuff too, 1 Which reflects the value of these goods. 2 So this arrow, the National Expenditure, 3 And this arrow, the National Output. 4 Should be roughly equivalent. 5 Because when firms sell goods to households, 6 It's just goods transformed into money 7 Hey, where does all this money on spending come from? 8 It comes from income made by the households. 9 So this arrow, the national income, 10 also equals to national expenditure. 11 We see that National Income = National Expenditure = National Output. They are just in different stages of the Circular Flow of Income. 12 So how do we measure GDP? 13 We can measure the total output, the total final goods and services. 14 Why only final goods and services? 15 Take the production of sandwiches for example. 16 First, we need labor 17 to harvest wheat, 18 then wheat goes into the production of flour. 19 Flour goes into the production of bread, 20 And bread goes into the production of sandwiches. 21 We then sell the sandwich at $5. 22 Tada! GDP equals to $5. 23 This $5 already includes the value of labor, flour, wheat and bread 24 that went into the production of sandwich. 24 We don't have to add these things again. 25 See, if you add the value of these things, 25 On top of the sandwich, (1 + 2 + 3 + 4 + 5 = 15 ) 26 It's $15, way higher than $5. 27 Because you've double-counted, and it's wrong. 28 Alternatively, we can use the value-added approach 28 We measure the additional value that is created in every stage of production. We start from zero. Labor doesn't require any other input. So labor itself is pure value. Using this labor, we grow wheat. Wheat is sold at $2. What is the additional value created? Remember we got to minus the cost of production which is labor. So $2 - $1 = $1 $1 of additional value created. Using wheat, we make flour. Flour is sold at $3. What is the additional value created? We got to minus the cost of production which is wheat. $3 - $2 = $1 $1 of additional value created. Do the same for the rest Bread adds value to flour. And sandwich adds value to bread. Add up all the additional value created by each stage of production, We get $5 as well. Wow! 29 You see, Output approach and value-added approach are quite similar. 29 In value-added approach, you add up all the additional value 30 Which is just the value of the final output. 31 Hey, that's not the only way to measure GDP… 31 If you like this video, remember to like and subscribe. 32 Next up: measuring GDP: Expenditure and Income Approach. _____________________________________________________ How do we measure the size of the economy? We can calculate the total output produced. Why do we only count FINAL goods and services towards gross domestic product (GDP)? What's double-counting? What is the difference between intermediate goods and final goods? 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: http://www.memrise.com/course/461808/economics-101/
Views: 54748 Economics Mafia
Gross Domestic Product (GDP): What it Means & Why it Matters ☝
 
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What is Gross Domestic Product (GDP) http://www.financial-spread-betting.com/course/UK-Australia-indicators.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE What is GDP? Gross Domestic Product. This is a barometer of how well an economy is doing. But why is GDP important? If you have high GDP there is a lot of productivity going on, the economy is chugging along quite nicely - generally a good thing for the country. Low GDP is the opposite; things aren't so well. A high GDP is normally equal to higher corporate earnings which is going to benefit the stock market. Recession - 2 or more consecutive quarters of negative GDP growth. But how is the GDP is calculated? It is basically made up of 4 distinct parts; it is the total of the goods and services produced in a country giving a broad view on how the economy is faring. The first part is consumption, the second part is investments, the third is government spending and investments and the last is net exports. A lower than expected GDP may lead to the currency of that country weakening. A higher than expected GDP might boost the currency of a country.
Views: 609 UKspreadbetting
A lesson on GDP
 
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GDP=Consumption+Investment+Government Expenditures+Net Exports (Exports-Imports)
Views: 80 alpha tank
MN1015 Lecture 12 Measuring GDP
 
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Gross Domestic Product GDP the market value of the final goods and services produced within a country in a given year this definition has fours parts market value final goods and services produced within a country in a given time period market value GDP is a market value goods and services are valued at their market prices to add apples and oranges, computers and popcorn, we add the market values so we have a total value of output in pounds are all produced goods and services subject to trade in the market? final goods and services GDP is the value of the final goods and services produced a final good (or service) is an item bought by its final user during a specified time period an intermediate good is produced by one firm, bought by another firm, and used as a component of a final good or service excluding intermediate products avoids double counting for example, if an economy produces steel (intermediate) and cars (final), the value of steel is included in the price of a car produced within a country GDP measures production within a country – domestic production GDP pays no attention to nationality or ownership the output of foreign firms in the UK contributes towards UK GDP but the output of UK firms producing abroad does not in a given time period GDP measures production during a specific time period, normally a year or a quarter of a year GDP can be measured as the value of production: value added approach total expenditure on goods and services: expenditure approach total income to factors of production: income approach this can be shown using the circular flow digram the national economy is composed of households firms government the rest of the world in a four-sector economy, injections include government expenditure, exports leakages include taxes, imports to maintain the same level of equilibrium in a four-sector economy the sum of injections should equal the sum of leakages that is, I + G + X = S + T + M the circular flow consists of incomes (blue) and expenditures (red) the sum of the red flows equals the blue flow implicit in this equalising of income and expenditure is what firms do in between total expenditure on final goods and services equals the value of output of final goods and services, which is GDP firms pay out all their receipts from the sale of final goods, so income equals expenditure thus, economic activity (GDP) can be measured using either output, income, or expenditure why is GDP referred to as gross domestic product? gross means before deducting the depreciation of capital, the opposite being net depreciation is the decrease in the value of a firm’s capital that results from ’wear and tear’ and obsolescence gross investment is used to calculate GDP the total amount spent on purchases of new capital and on replacing depreciated capital net investment the increase in the value of the firm’s capital in the official calculation of GDP in the UK, the Office for National Statistics ONS uses two approaches expenditure approach GDP is the sum of aggregate expenditure in the economy that is, Y = C + I + G + (X-M) income approach GDP is sum of the incomes that firms pay households for the factors of production they hire that is, Y = rent + wages + interest + profits note that GDP at factor cost is the sum of compensation of employees gross operating surplus mixed incomes market prices is the GDP at factor cost + indirect taxes - subsidies nominal GDP the value of goods and services produced during a given year valued at the prices that prevailed in that same year nominal GDP is just a more precise name for GDP real GDP the value of final goods and services produced in a given year when valued at the prices of a reference base year using real GDP allows for comparisons of living standards over time by removing the influence of rising prices accounting for price changes (inflation) is important if comparisons are to be made at different points in time Limitations: real versus nominal GDP population size per capita real GDP exchange rates purchasing power parity (PPP)-An exchange rate which would buy the same good in each country some items are excluded level of unpaid work underground economy there are human costs to production quality of life and social costs/benefits (environment, health) spending on necessities or economic bads (e.g. defence) distribution of income
Views: 907 Hanomics
V - 50 Domestic Territory || Normal Resident || GDP || GNP
 
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This video explains the meaning of Domestic Territory & Normal Resident. Video also explains the difference between Domestic Income & National Income. Students can understand the national income aggregates (GDP & GNP).It covers simple numerical problems related to GDP & GNP. #NormalResident #GDP #GNP #DomesticTerritory V-49 Depreciation || Investment || Gross Investment || Net Investment https://youtu.be/giAgmYtnt8g V-48 Stock & Flow https://youtu.be/l2D3zGjlrkE V- 47 Circular flow of income https://youtu.be/XuhoW2eMTyY V-46 Final Goods || Intermediate Goods || Consumer Goods || Capital Goods https://youtu.be/QS-2xTBhj-M
Views: 2412 Economics Point
Massaging GDP (Gross Domestic Product) Figures (ENGLISH, Macedonian subtitles)
 
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The formula to calculate GDP (Gross Domestic Product) is this: GDP (Gross Domestic Product) = Consumption + investment + government expenditure + net exports (exports minus imports) = Wages + rents + interest + profits + non-income charges + net foreign factor income earned But the GDP figure is vulnerable to "creative accounting": 1. The weight of certain items, sectors, or activities is reduced or increased in order to influence GDP components, such as industrial production. Developing countries often alter the way critical components of GDP like industrial production are tallied. 2. Goods in inventory are included in GDP although not yet sold. Thus, rising inventories, a telltale sign of economic ill-health, actually increases the GDP! 3. If goods produced are financed with credits and loans, GDP will be artificially HIGH (inflated). 4. In some countries, PLANS and INTENTIONS to invest are counted, recorded, and booked as actual investments. This practice is frowned upon (and landed quite a few corporate managers in the gaol), but is still widespread in the shoddier and shadier corners of the globe. 5. GDP figures should be adjusted for inflation (real GDP as opposed to nominal GDP). To achieve that, the calculation of the GDP deflator is critical. But the GDP deflator is a highly subjective figure, prone, in developing countries, to reflecting the government's political needs and predilections. 6. What currency exchange rates were used? By selecting the right "points in time", GDP figures can go up and down by up to 2%! 7. Healthcare expenditures, agricultural subsidies, government aid to catastrophe-stricken areas form a part of the GDP. Thus, for instance, by increasing healthcare costs, the government can manipulate GDP figures. 8. Net exports in many developing countries are negative (in other words, they maintain a trade deficit). How can the GDP grow at all in these places? Even if consumption and investment are strongly up - government expenditures are usually down (at the behest of multilateral financial institutions) and net exports are down. It is not possible for GDP to grow vigorously in a country with a sizable and ballooning trade deficit. 9. The projections of most international, objective analysts and international economic organizations usually tend to converge on a GDP growth figure that is often lower than the government's but in line with the long-term trend. These figures are far better indicators of the true state of the economy. Statistics Bureaus in developing countries are often under the government's thumb and run by political appointees.
Views: 239 vakninmusings
What is capital? | GDP: Measuring national income | Macroeconomics | Khan Academy
 
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Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/macroeconomics/gdp-topic/piketty-capital/v/two-forces-divergence?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/macroeconomics/gdp-topic/piketty-capital/v/wealth-vs-income?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: 78543 Khan Academy
V- 55 Nominal GDP || Real GDP || GDP Deflator
 
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This video explains the concept of Nominal GDP & Real GDP. Video tells about Nominal GDP in simple language & with proper example. With the help of this video students can understand Real GDP in simple language & proper example. It covers GDP Deflator too. #NominalGDP #RealGDP #GDPDeflator V-54 National Disposable Income || Gross National Disposable Income | https://youtu.be/GnHwX3dHcww V- 53 Personal Income || Personal Disposable Income https://youtu.be/ewNv9yiSeOo V- 52 Private Income || Numericals of Private Income https://youtu.be/-4npiqjr76w V-51 Market Price|| Factor Cost|| National Income Aggregates https://youtu.be/cKqrR8TE_AQ V - 50 Domestic Territory || Normal Resident || GDP || GNP https://youtu.be/T41l2plxiIM V-49 Depreciation || Investment || Gross Investment || Net Investment https://youtu.be/giAgmYtnt8g V-48 Stock & Flow https://youtu.be/l2D3zGjlrkE V- 47 Circular flow of income https://youtu.be/XuhoW2eMTyY V-46 Final Goods || Intermediate Goods || Consumer Goods || Capital Goods https://youtu.be/QS-2xTBhj-M
Views: 169 Economics Point
How to calculate Gross Domestic Product (GDP)
 
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Read more at http://www.simplecleareasy.com/ GDP = C + G + I + NX C = Consumption G = Government Spending (Government Expenditure) I = Investment NX = Net Exports (The balance of trade) : GDP of Major Countries in the World... Read more at http://www.simplecleareasy.com/
Views: 21742 LeonAcademy dot org
V-56 GDP & Welfare || Green GDP
 
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This video explains the concept "GDP & Welfare". It covers different points of the GDP & Welfare( Distribution of GDP, Externalities,Population Growth,Non-Monetary Exchange & Composition of GDP).With the help of this video student can understand this topic(GDP & Welfare) in simple & easy language . It also explains "Green GDP". #GDPandWelfare #GreenGDP #EconomicsPoint V- 55 Nominal GDP || Real GDP || GDP Deflator https://youtu.be/_BLlYQJ1QdI V-54 National Disposable Income || Gross National Disposable Income | https://youtu.be/GnHwX3dHcww V- 53 Personal Income || Personal Disposable Income https://youtu.be/ewNv9yiSeOo V- 52 Private Income || Numericals of Private Income https://youtu.be/-4npiqjr76w V-51 Market Price|| Factor Cost|| National Income Aggregates https://youtu.be/cKqrR8TE_AQ V - 50 Domestic Territory || Normal Resident || GDP || GNP https://youtu.be/T41l2plxiIM V-49 Depreciation || Investment || Gross Investment || Net Investment https://youtu.be/giAgmYtnt8g V-48 Stock & Flow https://youtu.be/l2D3zGjlrkE V- 47 Circular flow of income https://youtu.be/XuhoW2eMTyY V-46 Final Goods || Intermediate Goods || Consumer Goods || Capital Goods https://youtu.be/QS-2xTBhj-M
Views: 106 Economics Point
10: Gross Domestic Product Report (GDP) (Part 1)
 
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10: Gross Domestic Product Report (Part 1) - ECONOMIC REPORTS FOR ALL MARKETS This is the 10th video in a series on economic reports created for all markets, or for those who simply have an interest in economics. In this lesson we cover the Gross Domestic Product Report. Check out the entire free forex course (in process): http://www.informedtrades.com/f7/ The Free Forex Academy is a partner of InformedTrades.com, a community of traders dedicated to learning. At the Free Forex Academy, we are in the beginning stages of creating an entire comprehensive series of courses on forex trading. This section is on economic reports, and the information in it applies to all markets. Learn Forex for free! Take the entirely free course at the link above or on youtube. Practice live forex trading with real time charts and live price feeds for free while you learn. Get a totally free virtual trading account here- http://clk.atdmt.com/FXM/go/166058821/direct/01/ Link to the GDP Report: http://www.bea.gov/national/index.htm#gdp Text from video: The GDP report measures the output of goods and services produced by labor and property located in the United States. In other words, it measures the total economic production of the economy. If you have not already done so, I invite you to stop this video and watch my overview video on the GDP in the basic economics section. The GDP report is released quarterly by the Bureau of Economic Analysis. I'll post a link for the report in the text next to the video. The GDP report is the largest, most comprehensive report on the economy. While other reports focus in on individual sections, the GDP report looks at the entire economy. Economists use the GDP report to gauge growth in the economy. GDP expands when production increases. The increase in production creates jobs. The increase in jobs increases income. Some of this additional income will be spent increasing corporate income and profit. Some of this additional income will be deposited into banks which is then loaned out. This in turn causes more increases in production. However, increases in production can also lead to inflation and higher interest rates. GDP contracts when production decreases. When companies produce less, they need less employees. Higher unemployment means people earn less and spend less, causing corporate income and profits to drop. The Government, the Fed and the Treasury use fiscal policy and monetary policy to try and maintain a rate of slow expansion of the GDP which benefits the country in many ways including creating jobs. However, they have to keep the GDP from expanding too slow, or contracting, because it increases unemployment, and they have to keep the GDP from expanding too quickly because it causes inflation. Also, because the labor force in the US is growing, the GDP must expand at a rate of about 3% per year or more, or the unemployment level will increase. The GDP is reported in both current dollars and chained dollars. When the GDP total increases, it is important to know whether the increase came from increased production, or from inflation. GDP increases from more goods being produced is usually a good sign for an economy as more goods being produced increases supply and lowers prices. However, GDP increases due to inflation is considered a bad sign for the economy because price increases lower demand. The GDP statistics are reported two ways. The first is Current Dollars, also known as Nominal Dollars. The numbers in these sections include increases due to inflation. The second is Chained Dollars, also know as Real Dollars. In these sections, the inflation has been removed from the total by using something called a deflator, which is basically a correction factor applied to remove price increases. Real, or Chained Dollars are the statistics most economists look at as this shows the real change in production levels in the country. The statistics reported in the media use Real Dollars as well. An important point to mention is that most of the statistics are reported as an annualized number. In other words, the statistics show what the change would be for the whole year if the same amount of change remained consistent all year long. Looking at the report, there is a main table, Table 1, and several follow up tables. At the beginning of the report is a summary, and revisions for previous reports The data in table 1 is presented as a percent change from year to year and a precent change from quarter to quarter. Table 1 shows the GDP for the entire country. Table 1 is then broken down into 4 main categories- Personal Consumption Expenditures, Gross Private Domestic Investment, Net Exports of Goods and Services, and Government Consumption Expenditures and Gross Investment. Music: GDP Report Part 1 Danse Macabre - Low Strings Finale (Theme) Griphop Plans In Motion Machinations Home Base Groove Kevin MacLeod incompetech.com
Views: 4638 InformedTrades
Macroeconomics: Crash Course Economics #5
 
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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: 1196902 CrashCourse
Investment and Aggregate Demand
 
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This short tutorial video looks at some of the factors that determine capital investment and also the significance of a rise in investment for the macroeconomy. For more help with your A Level / IB Economics, visit tutor2u Economics http://www.tutor2u.net/economics If you find this topic video helpful, please SUBSCRIBE to our YouTube Channel For more help with Economics: Follow tutor2u Economics on Twitter: https://twitter.com/tutor2uEcon https://twitter.com/tutor2uGeoff - - - - - - - - - MORE ABOUT TUTOR2U ECONOMICS: Visit tutor2u Economics for thousands of free study notes, videos, quizzes and more: https://www.tutor2u.net/economics A Level Economics Revision Flashcards: https://www.tutor2u.net/economics/store/selections/alevel-economics-revision-flashcards A Level Economics Example Top Grade Essays: https://www.tutor2u.net/economics/store/selections/exemplar-essays-for-a-level-economics
Views: 10037 tutor2u
Countries by GDP - Gross domestic product
 
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The video includes a list of countries of the world sorted by their gross domestic product (GDP), the market value of all final goods and services from a nation in a given year. The GDP dollar estimates presented here are calculated at market or government official exchange rates. The list includes 2009 data from the International Monetary Fund. The gross domestic product (GDP) or gross domestic income (GDI) is a basic measure of a country's economic performance and is the market value of all final goods and services made within the borders of a nation in a year . It is a fundamental measurement of production and is very often positively correlated with the standard of living. GDP can be defined in three ways, all of which are conceptually identical. First, it is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time (usually a 365-day year). Second, it is equal to the sum of the value added at every stage of production (the intermediate stages) by all the industries within a country, plus taxes less subsidies on products, in the period. Third, it is equal to the sum of the income generated by production in the country in the period—that is, compensation of employees, taxes on production and imports less subsidies, and gross operating surplus (or profits). The most common approach to measuring and quantifying GDP is the expenditure method: GDP = private consumption + gross investment + government spending + (exports − imports), or, GDP = C + I + G + (X − M). "Gross" means that depreciation of capital stock is not subtracted out of GDP. If net investment (which is gross investment minus depreciation) is substituted for gross investment in the equation above, then the formula for net domestic product is obtained. Consumption and investment in this equation are expenditure on final goods and services. The exports-minus-imports part of the equation (often called net exports) adjusts this by subtracting the part of this expenditure not produced domestically (the imports), and adding back in domestic area (the exports). Equatorial Guinea, Bosnia and Herzegovina, Jordan, Tanzania, Bahrain, El Salvador, Panama, Estonia, Côte d'Ivoire, Cameroon, Trinidad and Tobago, Cyprus, Ethiopia, Yemen, Myanmar, Uzbekistan, Lebanon, Costa Rica, Kenya, Uruguay, Latvia, Guatemala, Sri Lanka, Tunisia, Dominican Republic, Azerbaijan, Lithuania, Serbia, Bulgaria, Ecuador, Oman, Slovenia, Syria, Luxembourg, Sudan, Belarus, Croatia, Bangladesh, Angola, Morocco, Vietnam, Iraq, Slovakia, Libya, Qatar, Peru, New Zealand, Kazakhstan, Hungary, Kuwait, Algeria, Egypt, Pakistan, Philippines, Chile, Ukraine, Singapore, Romania, Israel, Nigeria, Hong Kong, Czech Republic, Malaysia, Colombia, Portugal, United Arab Emirates, Thailand, Ireland, Finland, South Africa, Venezuela, Argentina, Denmark, Iran, Greece, Taiwan, Austria, Norway, Saudi Arabia, Sweden, Switzerland, Belgium, Indonesia, Poland, Turkey, Netherlands, South Korea, Australia, Mexico, India, Canada, Brazil, Spain, Russia, Italy, United Kingdom, France, Germany, China, Japan, United States Of America 1 2 3 4 5 6 7 8 9 10
Views: 1116 easytrader123
Calculating Gross Domestic Product (GDP) | Macroeconomics
 
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Learn how to calculate gross domestic product in just a few minutes. Professor Jadrian Wooten of Penn State University details three different ways of calculating GDP: the expenditure approach, the income approach, and the value-added approach. Learn all about macroeconomics in Course Hero's study guide here: https://www.coursehero.com/sg/macroeconomics/ Explore Course Hero’s collection of course and literature study guides here: https://www.coursehero.com/sg/ About Course Hero: Course Hero helps empower students and educators to succeed! We’re fueled by a passionate community of students and educators who share their course-specific knowledge and resources to help others learn. Learn more at http://www.coursehero.com. Master Your Classes™ with Course Hero! Get the latest updates: Facebook: https://www.facebook.com/coursehero Twitter: https://twitter.com/coursehero
Views: 214 Course Hero
V- 70 Saving Function
 
15:12
This video explains the concept of Saving Function. Saving Function shows functional relationship between Saving & Income.It also explains the equation of Saving Function.Students can understand Saving Function with the help of Schedule & Diagram. #SavingFunction #EconomicsPoint V-69 Average Propensity to Consume || Marginal Propensity to Consume https://youtu.be/qHXHtQaXi80 V-68 Consumption Function https://youtu.be/7FEfMMSNWvE V-67 Aggregate Supply || Components of Aggregate Supply https://youtu.be/7Wn11AuGmcw V-66 Aggregate Demand || Components of Aggregate Demand https://youtu.be/d6tqzGoT03w V-65 Numericals of Expenditure Method https://youtu.be/Oanxj-zhW8M V-64 Precautions of Expenditure Method https://youtu.be/JaGqFqUJLck V - 63 Expenditure Method https://youtu.be/5tAaqCngZLA V-62 Numericals of Income Method https://youtu.be/isJsJJVlLQk V - 61 Precautions of Income Method https://youtu.be/Sy7NZbZnBec V-60 Income Method https://youtu.be/lMj-U7l94-s V-59 Numericals of Value Added Method https://youtu.be/9cw0JLqcjaw V-58 Problem of Double Counting || Precautions of Value Added Method https://youtu.be/H53GAm7AnIU V-57 Value Added Method of National Income ||Product Method of National Income . https://youtu.be/4PPDOQfcITw V-56 GDP & Welfare || Green GDP https://youtu.be/pjPLPRJT2N0 V- 55 Nominal GDP || Real GDP || GDP Deflator https://youtu.be/_BLlYQJ1QdI V-54 National Disposable Income || Gross National Disposable Income | https://youtu.be/GnHwX3dHcww V- 53 Personal Income || Personal Disposable Income https://youtu.be/ewNv9yiSeOo V- 52 Private Income || Numericals of Private Income https://youtu.be/-4npiqjr76w V-51 Market Price|| Factor Cost|| National Income Aggregates https://youtu.be/cKqrR8TE_AQ V - 50 Domestic Territory || Normal Resident || GDP || GNP https://youtu.be/T41l2plxiIM V-49 Depreciation || Investment || Gross Investment || Net Investment https://youtu.be/giAgmYtnt8g V-48 Stock & Flow https://youtu.be/l2D3zGjlrkE V- 47 Circular flow of income https://youtu.be/XuhoW2eMTyY V-46 Final Goods || Intermediate Goods || Consumer Goods || Capital Goods https://youtu.be/QS-2xTBhj-M
Views: 50 Economics Point
Economy 2-1 Everything about GDP- in 15 minutes
 
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Chapter 2 National Income Acconting - Section 1 GDP Addition: - To understand the difference between real and nominal GDP, see https://youtu.be/IwnBN7bAAec Difference between Real and Nominal GDP: Nominal GDP - at current prices Real GDP - at base year prices - factors in inflation Base year - 2011-12 Base year criteria : Data available Minimum volatility As latest as possible Definition Total value of final goods and services produced within a territory during a given unit of time. final new (agent fees) Marketed Methods of Estimation 3 methods: 1. Income Approach - Land, Labour, Capital, Entrepreneurship Rent, Wages, Interest, Profit 2. Expenditure Approach - Consumption, Investment, Government, Net Exports 3. Output Approach - Value of Final goods and services Benefits of GDP Availability - all countries measure it. Comparison is easy Definitions are constant Shortcomings of GDP Inequality Double Counting Barter Economy Black Money/ Parallel Economy Informal Economy Care Economy Charity Environmental damage Gender issues Intangibles - leisure You can subscribe to our Youtube channel here - https://www.youtube.com/c/Prepezee1 Twitter - @prep_ezee Facebook - https://www.facebook.com/prepezee/ For more details, concepts and questions, visit our website at www.prepezee.com
Views: 310 Prep Ezee
Chinese gov't net financial worth at 8% of GDP in 2017
 
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The IMF released a report on global financial stability. The report analyzes China's public balance sheet and finds that the country's general government’s net financial worth remained positive, at 8 percent of GDP in 2017. Financial assets were at 75 percent of GDP, and liabilities at 67 percent of GDP. Despite being positive, China's financial worth has deteriorated in recent years. The downward trend is largely because of sub-national borrowing, which is an off-budget debt, and under-performing state-owned enterprises. Both factors will entail possible risks and rising vulnerabilities for the future. Subscribe to us on YouTube: https://goo.gl/lP12gA Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download our APP on Google Play (Android): https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Website: https://www.cgtn.com/ Facebook: https://www.facebook.com/ChinaGlobalTVNetwork/ Instagram: https://www.instagram.com/cgtn/?hl=zh-cn Twitter: https://twitter.com/CGTNOfficial Pinterest: https://www.pinterest.com/CGTNOfficial/ Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing
Views: 357 CGTN
Net Investment Income and Tax on Net Investment Income for Private Foundations
 
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Net Investment Income and Tax on Net Investment Income for Private Foundations
Views: 243 Ed Kaplan
Measuring GDP using the Income Approach and the Expenditure Approach
 
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This video lecture outlines the two methods of measuring a nation's Gross Domestic Product. By summing the total wages, rents, interest and profits earned by households, or by adding all the consumption, investment, government spending and net exports, we can determine the total value of a nation's output during a particular period of time. 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: 42440 Jason Welker
Calculating Real GDP, savings and net taxes
 
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Calculating Real GDP, savings and net taxes
Views: 160 mark Abdi
GDP, NDP, NI, PI and Disposable Income
 
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This Economics video is about GDP, NDP, NI, PI and Disposable Income.
03 - Components of GDP - 01 - Investment and consumption.webm
 
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02 - The demand curve - 06 - Inferior goods clarification.webm
Views: 35 Learn Hub
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/
Stock Market Investing: US GDP with Dirk van Dijk on CDTV.net
 
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We have Dirk van Dijk, Chief Equity Strategist at Zacks.com. For more information, visit www.zacks.com and www.cdtv.net *** CDTV.net Investment Web Conferences, Forums and Luncheons. Exclusive interviews with multi-billion dollar money managers, Wall Street power players, movers and shakers talking about the economy, investment strategies, products and risks in today's economy. Check our calendar for topics and event details. Discount Code: WRITER For more information, visit http://www.cdtv.net/users/content/investment-luncheon-conference-and-forum-calendar
Views: 17 cdtvnet
What Is The Definition Of GDP?
 
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The case for more low skill gross domestic product definition, national excluding payments on foreign investments. Gross domestic product (gdp) investopedia. Gross domestic product (gdp) an economy's all back to basics gdp gross dictionary. The other is gnp what does gross domestic product mean? 'gross' signifies that no deduction has been made for the depreciation of machinery, potential (gdp) defined in oecd's economic outlook publication as level output an economy can produce at a constant. Gdp is the total value of everything produced by all an imf publication states that 'gdp measures monetary final goods and services is, those are bought definition gross domestic product (gdp) a country's overall output (typically during one fiscal year) at market prices, gdp within geographic boundaries country specified period time, normally accordingly, defined following formula consumption investment government spending net exports or more succinctly asgdp c i broadest quantitative measure nation's economic activity. Potential gross domestic product (gdp) definition oecd statistics. Gross domestic product (gdp) wikiprogress. What is gdp? How it calculated? Quora. Gross domestic product definition and components video gross from financial times lexicon. This lesson also outlines the components that total value of an economy's domestic output goods and services, known as gdp. One of the key indicators economic growth. Gdp definition, what is gdp gross domestic productfor less educated consumers, they lower the prices by 0. What is gdp? Definition of gross domestic product the balancewhat (gdp)? and meaning definition 'gross product' economic timesdefinition & formula gdp what it means q&a Bbc news bbc in (gdp) calculations. Gdp financial definition of gdp. Or gross domestic product of your little beloved nation is the gdp sans economics terms difficult to define since it an construct learn how economists measure total production economy using (gdp). When it is growing, especially if inflation not a problem, workers and businesses are generally better off than when. Gross domestic product (gdp) investopedia gdp is the monetary value of all finished goods and services produced growth unadjusted means that an economy has experienced one 30 jul 2017 definition gross best way to measure a country's. More specifically, gdp represents the monetary value of 26 apr 2011 media captionthe bbc's declan curry explains just what stands for, and is principal means determining health uk definition gross domestic product total goods produced services provided in a country during one year learn more about including definition, different methods calculation, their pros & cons, why it matters tim callen. See more a measure of the value total production in country, usually given year. What is the meaning of gdp? Quora. Gross domestic product is calculated by adding together total consumer what it gross (gdp) the broadest quantitative measure of a nation's originally answered do you mean word gdp? .
Views: 22 Bet My Bet
Examples of accounting for GDP | GDP: Measuring national income | Macroeconomics | Khan Academy
 
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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/real-nominal-gdp-tutorial/v/real-gdp-and-nominal-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/components-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: 210489 Khan Academy
Chapter 23 Gross Domestic Product (GDP)
 
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Using the slides from Mankiw's "Principles of Economics" textbook
Views: 4064 T M Tonmoy Islam
How Gross Domestic Product (GDP) is Calculated ? How does the Economy Works ? GDP Explained
 
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A presentation on How Gross Domestic Product (GDP) is measured or calculated using the popular methods of Income Approach, Expenditure Approach, Value Added Approach, Consumption Approach, Production Approach. Also explained is how economic system works. Concepts like Real GDP and GDP Deflator are also explained. Helpful for students preparing for IAS, UPSC, CFA, MBA, and other finance, management and capital market related courses. GDP calculation in India, GDP deflator, How GDP is calculated in India, how to calculate GDP
Views: 13806 Greymatbay
How to Calculate Real GDP
 
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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: 52615 Howcast
Economic GDP Rap
 
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Alejandra Castillo and Danitza Daya Lyrics: Gross Domestic Product It stands for GDP Start with Ig,Xn plus C,always remember at last there's the G Business Investment and household consumption Net export...and government spending But some things are not and some things are counted All the years final goods,composed in boundaries Here are the things we won't take account Used or illegal goods, we won't mark em' down All the non market and financial transactions Outside produced goods that's a subtraction Intermediate goods,we take that out too Expenditures was the first approach,listen to number two The second approach involves all sorts of incomes Your rent,your wages,your profits and your imports Most related taxes sometimes they cut your check short These are all the things involved in GDP Listen up closely class of seventeen
Views: 192 Alejandra Castillo
Pakistani Reacts On | Top 10 Economies in the world 2018 GDP PPP India Rank  3 !!! | PNMM
 
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This is a Pakistani channel where u will find all the entertaining stuff like news,music and masti,Reactions Mostly U See How we React On India Cities and other countries stuff. We will also try to give good positive reactions to some trending and funny videos. Make sure to comment on our videos give us suggestions about the videos in which you want us to give reaction to. Make sure to smash that subscribe button and press the bell icon so u never miss an update from Pakistani News Music and Masti. Subscribe subscribe and subscribe❤💯 What Is GDP Explain:- The gross domestic product (GDP) is one of the primary indicators used to gauge the health of a country's economy. It represents the total dollar value of all goods and services produced over a specific time period, often referred to as the size of the economy. Usually, GDP is expressed as a comparison to the previous quarter or year. For example, if the Q3 2017 GDP of a country is up 3%, the economy of that country has grown by 3% over the third quarter. While quarterly growth rates are a periodic measure of how the economy is faring, annual GDP figures are often considered the benchmark for the size of the economy. In the United States, real GDP increased at an annual rate of 2.6 percent in the fourth quarter of 2017, according to figures released by the Bureau of Economic Analysis. For all of 2017, GDP grew 2.3 percent. Current-dollar GDP increased 4.1 percent, or $762.3 billion, in 2017 to a level of $19,386.8 billion. The countries with the largest GDP in descending order are 1. The United States, 2. China, 3. Japan, 4. Germany, 5. The United Kingdom, 6. France, 7. India, 8. Italy, 9. Brazil and 10. Canada. Measuring GDP can be complicated, but at its most basic, the calculation can be done in one of two ways: either by adding up what everyone earned in a year (income approach) or by adding up what everyone spent (expenditure method). Logically, both measures should arrive at roughly the same total. The income approach, which is sometimes referred to as GDP(I), is calculated by adding up total compensation to employees, gross profits for incorporated and nonincorporated firms, and taxes less any subsidies. The expenditure method is the more common approach and is calculated by adding total consumption, investment, government spending and net exports. As one can imagine, economic production and growth – which GDP represents – have a large impact on nearly everyone within that economy. For example, when the economy is healthy, you will typically see low unemployment and wage increases as businesses demand labor to meet the growing economy. A significant change in GDP, whether up or down, usually has a significant effect on the stock market. It's not hard to understand why; a bad economy usually means lower earnings for companies, which translates into lower stock prices. Investors often pay attention to both positive and negative GDP growth when assessing an investment idea or coming up with an investment strategy. There are actually two types of GDPs that economists use to measure a country's economy. Nominal GDP refers to a country's economic output without an inflation adjustment, while Real GDP is equal to the economic output adjusted for the effects of inflation. Economists will look at negative GDP growth to determine whether an economy is in a recession.
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